A. Chapter 13 bankruptcy, sometimes called a reorganization or a wage earners bankruptcy, is available for individuals and for some small businesses (other than corporations), although there are limits on the amounts that you can owe. 

Chapter 13 bankruptcies are more complex, cost more in attorney fees, and require that monthly payments be made by you to the Chapter 13 Trustee for 36 months (3 years) or possibly longer, up to 60 months (5 years). The size of your monthly payments to the Chapter 13 Trustee depends, among other things, on your ability to pay. Your monthly payments to the Trustee will usually go to pay only a portion of your debts, and the remainder of your debts will simply be discharged at the end of your payment plan.