Chapter 13 Bankruptcy FAQ

How long will my repayment plan last if I decide to file for bankruptcy under Chapter 13?

The length of your repayment plan depends on your income level. If your monthly income exceeds the median monthly income for a household of your size in your state, your plan must last five years -- unless you can propose a plan that pays 100% of your unsecured debt in a shorter period of time. If your income is less than the median monthly income for your state, you can propose a three-year plan, even if your unsecured creditors cannot be fully repaid during that time. To learn more about what your repayment plan must include, see Nolo's article Your Obligations Under a Chapter 13 Bankruptcy Plan.

Talk to a Bankruptcy Lawyer

Need professional help? Start here.

How It Works

  1. Briefly tell us about your case
  2. Provide your contact information
  3. Connect with local attorneys

Legal Information & Books from Nolo