So what is Chapter 13 bankruptcy? Chapter 13 bankruptcy is a reorganization process of your current existing debts. Unlike Chapter 7 bankruptcy, Chapter 13 provides a plan and a method to repay a percentage of your obligations while leading to the same discharge granted in a Chapter 7 bankruptcy. If you"ve considered debt consolidation, Chapter 13 may be a viable bankruptcy option for you. Please consult my office as to how we can derive a plan payment in Chapter 13 bankruptcy that affords you a comfortable standard of living while helping to absolve you of your debts.