Chapter 13 of the Bankruptcy Code permits a qualified debtor to propose a plan to pay all or a portion of the debts he or she owes in installments over a specified period of time.

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Chapter 13 of the Bankruptcy Code does indeed permit a qualified debtor to propose a plan to pay all or a portion of their debts in installments over a specific period of time. This is one option for individuals seeking to reorganize their debts and retain their assets, rather than liquidating them in a Chapter 7 bankruptcy.

Chapter 13 of the Bankruptcy Code Permits a Qualified Debtor