In a Chapter 13 bankruptcy, also known as reorganization bankruptcy or wage earner’s bankruptcy, you will make regular payments to a bankruptcy trustee and these payments will be distributed to your creditors according to a repayment plan that takes into account your income and expenses, usually over the course of three to five years. Chapter 13 is a good debt-relief solution for debtors with steady income who want to retain their assets and repay their creditors over time. You do not have to surrender your home or your car in Chapter 13 bankruptcy, so long as you can continue making payments on those secured debts. At the end of the repayment period, any unsecured debts that remain will be discharged.