Chapter 13 bankruptcy is typically a three-to-five-year monthly repayment plan that can help most individuals cure (repay back payments) their secured loans such as car loans and mortgages, stop foreclosures, stop repossessions and garnishments, and eliminate certain unsecured debts. Many high-income earners (who don’t qualify for chapter 7) can use Chapter 13 to eliminate a substantial portion of their unsecured debts and pay a small percentage of it at 0% interest vs. The typical 20%+ credit card interest rate. You are also protected from your creditors contacting you as soon as your case is filed and while the case is active.