Chapter 13

This bankruptcy plan is often called the “repayment” plan. In Chapter 13, you can catch up those missed payments and repay your creditors over time. In Chapter 13, your unsecured creditors will often times receive substantially less than what they are owed and you can keep all of your assets. The length of your Chapter 13 plan will depend on the amount of debt you need to repay but will last anywhere from 3 to 5 years.