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Investor Connect Podcast

Investor Connect is for investors interested in learning more about investing in startup and growth stage companies. Experienced investors share their experiences and advice with those who are considering an investment into startups and growth companies. It includes a podcast series of interviews with investors to inform others about the process of funding startups as well as a resource list and a discussion board.  

Topics include sourcing, analyzing, and researching companies. Other topics include valuations, terms Sheets, board of directors, board of advisors, due diligence, syndicates, venture capital, angels, angel networks, family offices, crowdfunding, exits, and more.

Investor Connect is a community program. We welcome your suggestions for speakers and topics which you can send to us through the Contact page. No registration is required to use the resources.  Discussion boards are available to post and answer questions about startups and growth company investing through which registration is required.

Investor Connect is a program under the Texas Open Angel Network which is a 501(c3) non-profit dedicated to the education around startup funding.

Disclaimer: Hall T. Martin is the Director of Investor Connect which is dedicated to the education of investors for early stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Jan 29, 2024

How Does Chapter 13 Bankruptcy Work?

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Chapter 13  bankruptcy reorganizes the debt and sets up a payment plan.

The debtor can keep their house as long as they make the payments.

The debtor has 3-5 years to pay off the debt in most cases.

To use Chapter 13, the debtor must submit a reorganization plan which asks for debt forgiveness for some debts and a repayment plan for the creditors.

Some debts are not dischargeable in any event such as child support payments, student loans, alimony payments, and taxes.

To use Chapter 13, you must be current with your taxes, have a steady income, and have debt below prescribed thresholds.

Chapter 13 puts a Stay on debt collections while the reorganization plan is developed.

To file Chapter 13, the debtor must show a list of creditors and what is owed monthly living expenses, and proof of income.

This type of bankruptcy is meant for individuals and not businesses. 

It is used to avoid liquidating personal assets such as a house.


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Music courtesy of Bensound.