If you filed a Chapter 7 bankruptcy filing five (5) years ago and received a discharge of your debts, most likely you will not be qualified to file for a Chapter 13 bankruptcy filing for another two (2) years.However, if you did not get a bankruptcy discharge with respect to the Chapter 7 bankruptcy, then you can file for a Chpater 13 bankruptcy filing. However, the principal owed on your vehicle most likely will not be reduced, rather the time period for you to pay off the amount of the loan may be extended.