{"id":267,"date":"2010-08-10T12:49:13","date_gmt":"2010-08-10T17:49:13","guid":{"rendered":"https:\/\/kevinkgipson.com\/?p=267"},"modified":"2013-09-28T14:42:53","modified_gmt":"2013-09-28T19:42:53","slug":"what-is-a-chapter-20-bankruptcy","status":"publish","type":"post","link":"https:\/\/kevinkgipson.com\/?p=267","title":{"rendered":"What Is A Chapter 20 Bankruptcy?"},"content":{"rendered":"<p><a href=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2010\/08\/7+13.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-275\" title=\"7+13\" src=\"https:\/\/kevinkgipson.com\/wp-content\/uploads\/2010\/08\/7+13.png\" alt=\"\" width=\"118\" height=\"67\" \/><\/a>What is a Chapter 20 bankruptcy?<\/p>\n<p>The fact is there is no Chapter 20 of the Bankruptcy Code.<\/p>\n<p>Chapter 20 is an expression used by attorneys to describe a situation where a Chapter 7 bankruptcy is filed for a debtor followed by a Chapter 13 bankruptcy.<\/p>\n<p>When would this process be used?<\/p>\n<p>From time to time a debtor will come in with too much debt to file a Chapter 13 bankruptcy.\u00a0\u00a0 Since the<a title=\"Chapter 13 Bankruptcy Debt Limits\" href=\"https:\/\/kevinkgipson.com\/?p=213\" target=\"_blank\"> debt limits for the 13 <\/a>are too high, it is sometimes necessary to file a Chapter 7 bankruptcy to get rid of the debt that is either unsecured, or that is secured debt where the debtor no longer wants to keep the secured property.<\/p>\n<p>After the Chapter 7 has been discharged, a Chapter 13 will be filed in order to propose a monthly payment<a title=\"Chapter 13 Plan\" href=\"https:\/\/kevinkgipson.com\/?page_id=36\" target=\"_blank\"> plan <\/a>to pay the remaining debt.<\/p>\n<p>A &#8220;Chapter 20&#8221; is a complex process and may not be the best approach for your situation.<\/p>\n<p>You should contact an experienced bankruptcy attorney to discuss your options.<\/p>\n<p>\nby <a href=\"http:\/\/www.bankruptcylawnetwork.com\/kevin-gipson-new-orleans-bankruptcy-attorney\/\" rel=\"author\">Kevin Gipson<\/a>, New Orleans, Louisiana bankruptcy lawyer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is a Chapter 20 bankruptcy? The fact is there is no Chapter 20 of the Bankruptcy Code. Chapter 20 is an expression used by attorneys to describe a situation where a Chapter 7 bankruptcy is filed for a debtor &hellip; <a href=\"https:\/\/kevinkgipson.com\/?p=267\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[181,17,101,46,49,67,64,63],"class_list":["post-267","post","type-post","status-publish","format-standard","hentry","category-bankrputcy","tag-bankrputcy","tag-chapter-13","tag-chapter-20","tag-chapter-7","tag-debt","tag-kevin-gipson","tag-new-orleans-bankruptcy-attorney","tag-plan"],"_links":{"self":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=267"}],"version-history":[{"count":11,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/267\/revisions"}],"predecessor-version":[{"id":489,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/267\/revisions\/489"}],"wp:attachment":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}