Chapter 13 has also been called a “Payment Plan Bankruptcy” or a “Wage Earner Bankruptcy.” It is a way to pay back some or all of your debt over time out of your wages. It is a great way for people who are behind on their mortgage or car payments to get caught up. We often use Chapter 13 to help save a client’s house from foreclosure. Chapter 13 is often used by people who own a good amount of personal or real property, because Chapter 13 allows you to keep all of your property. You and your attorney will develop a payment plan that allows you to pay back all or a portion of your debt over three to five years. Another benefit of Chapter 13 is that attorneys fees can be included as part of your payment plan. This means the upfront cost of a Chapter 13 can be quite low.