Chapter 13 bankruptcy is a 3-5 year monthly payment plan, which is developed by the person applying and must be approved by the court taking into account account the financial status of the applicant … Chapter 13 allows you to stop calls creditors … consolidate all your debts into one debt … reduce the amount total you owe and stop the negative impact on the applicant’s credit … Payments will be They carry out a court appointed official called a Trustee, and this is the one who
distributes funds to creditors … Usually, who apply to chapter 13, are those who do not qualify for Chapter 7 because their earnings or assets are too high, or not low enough.