Chapter 13 is a more specialized type of Bankruptcy. Chapter 13 is a Court Ordered restructuring payment plan that can last for 3 to 5 years. A Chapter 13 can immediately stop foreclosures, garnishments, judgments and creditor harassment. The majority of Chapter 13 clients choose this Chapter to protect an asset or because their income is too high. The restructuring plan pays different creditors at different amounts. When done properly, a Chapter 13 can eliminate large debts while protecting assets. Consultations are free; know your options before you have none.