A Chapter 13 is also referred to as the "wage-earners" bankruptcy.
When you file a Chapter 13 bankruptcy, you and your attorney submit a plan to repay your debts over a three to five year period. The amount of your payment is dependent upon a number of factors enumerated in the Bankruptcy Code. At the end of the three to five year period, generally, all remaining unsecured debts will be discharged. To learn more about chapter 13, click on Benefits of Chapter 13 below.