A Chapter 13 bankruptcy plan allows bankruptcy filers a way to repay their creditors. The bankruptcy plan is usually crafted by the filer, the filer's attorney, and the filer's creditors. 

Once the plan is complete, it must recieve approval from the bankruptcy court. The plan will usually draw a certain proporition of funds from a filer's income. The plan usually lasts 3 to 5 years. 

If you are considering filing for Chapter 13, contact the Austin Chapter 13 bankruptcy attorneys of Slater Kennon LLP, at 512-338-1100.