Length of Time

• Chapter 13 plans can last up to five years if the debt isn't going to be fully repaid. For example, a full repayment plan can be less than five years, but a payment plan that won't repay the full amount must be carried out for the entire five-year term.
  
  

Benefits

• After the five years of repayment, the remaining debt is discharged. Also, while the debt is being repaid, it no longer incurs interest. Any legal fees will also be paid through the plan.
  
  

Creditor Protection

• Once your case is filed with the U.S. Bankruptcy Court, you will be protected from creditors. You'll file with the court determined by your home's location. The court requires every piece of information about household income and your financial obligations.