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Bankruptcy

: The Debt Podcast

Why Are Chapter 13 Debtors Not Allowed To Borrow?

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In most bankruptcy courts a Chapter 13 debtor is not allowed to borrow money without the court’s permission, based either on a court order or local rule.  This tradition has existed in most places for as long as anyone can remember.  Why? It may come as a surprise to most people but the Bankruptcy Code does [...]

Full post as published by The Debt Podcast on September 26, 2008 (boomark / email).

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