Commonly called the "wage earner plan", Chapter 13 allows you to make monthly payments to creditors under a plan approved by the Bankruptcy Court. The plan can arrange payments over a period from three years to five years to your creditors. This plan may allow you to retain your secured property such as your home and vehicle.
Individual needs and financial circumstances may require consideration of other bankruptcy provisions such as chapter 11 or chapter 12. Chapter 11 is often used by businesses that seek bankruptcy protection from creditors while the business is in reorganization. Chapter 12 provides bankruptcy protection to the family farmer. Consult an attorney for information to determine what chapter may be appropriate for you.