Chapter 13

Chapter 13

Unlike Chapter 7, all of your assets are not liquidated in Chapter 13 bankruptcy. Chapter 13 bankruptcy provides time to catch up on past due balances while keeping your property. Typically, a repayment plan lasts between 36 and 60 months. A court-assigned trustee examines and prioritizes debts to determine any and all assets that will be liquidated for the purpose of paying off secured creditors.