Tag Archives: Chapter13

A recent paper published by Robin R. Randolph suggests Chapter 13 bankruptcy gets a bad reputation because individual districts may lack certain advantages. The paper, titled Chapter 13: Getting to Completion, makes several important observations. First, the author notes that national statistics show that only 36 percent of Chapter 13 filers complete their payment plans. This low percentage perpetuates a tale that Chapter 13 is often unsuccessful. However, this is not always the case and depends on other factors. A deeper understanding of completion rates is needed, and this can only be accomplished by looking at individual districts. More importantly, a comparative approach is needed to understand why some districts have higher completion rates than others. It is important to realize that different court districts have different rules. This is one reason why you should not pay much mind to national statistics on Chapter 13 completion rates. As the paper…
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