A Chapter 13 bankruptcy involves filing a petition and committing to a repayment plan of anywhere between three to five years, where you agree to pay back a percentage of what you owe to your unsecure creditors. A Chapter 13 is most commonly filed to stop a foreclosure on a home. It allows you to pay back the arrears that have accrued on your mortgage over that five-year plan. A Chapter 13 also allows you to modify your mortgage, to pay less on the car loan that you have than you would have to pay outside of bankruptcy. It has a lot of features that are available in a Chapter 13 than in a Chapter 7.