Chapter 13 gives the debtor the opportunity to adjust his or her financial affairs without having to liquidate current assets. Rather than being designed to pay debts out of those assets, a chapter 13 case usually involves payment out of future income. The debtor is allowed to keep and use all property, whether exempt or not, and to pay some or all debts according to a plan approved by the court. At the completion of this plan, the debtor receives a discharge which, with several significant exceptions, is similar to the discharge received in a chapter 7 case.
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