Chapter 13 is a valuable tool that lets you catch up overdue
mortgage or car payments, taxes and domestic support obligations. It also applies where you have the ability to repay some
or all of your debts over time.
Under Chapter 13, you normally keep all of your property, both exempt and non-exempt,
as long as you resume (or continue) making your regular payments on secured debts, and keep current under the repayment plan
required by the bankruptcy laws. This plan may pay all of your debts, or just a portion; this will depend on your particular
circumstances. A repayment plan can from three to five years.
After completing your plan payments, most balances
of your unsecured debts are discharged, except for some things like taxes, student loans, support or other non-dischargeable