Chapter 13 is a type of reorganization used by individuals  Consumer submits plan to pay all or portion of debts over a period of years using current income  Homeowner with mortgage default given time to get caught up, generally over longer period (often up to 3 years) than under workout agreement  Unsecured debts (such as credit cards) may be paid either in full or a percentage of amount owed, over a 3 to 5 year period  Late charges and interest after chapter 13 filed do not have to be paid on unsecured debts What Are the Different Types of Bankruptcy Cases?
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