Bankruptcy FAQ: What is Chapter 13 Bankruptcy? Chapter 13 is the debt repayment chapter for individuals who have regular income, whose secured debts do not exceed $1081400.00 and whose unsecured debts do not exceed $360475.00. Chapter 13 generally permits individuals to keep their property by repaying creditors out of their future disposable income. The Chapter 13 debtor proposes a repayment plan which must be approved by the bankruptcy court. The debtor pays the amounts set forth in the plan to the Chapter 13 trustee, who distributes the funds to creditors, in return for a small fee. The Chapter 13 debtor receives a discharge of most debts after the debtor completes the payments required under the plan. Visit albany-ny.tullylegal.com for more legal information and assistance in Bankruptcy. Our Albany bankruptcy lawyers can assist clients with foreclosure, mortgage issues, chapter 11, chapter 7, chapter 13 etc. Our bankruptcy and foreclosure defense lawyers routinely practice in bankruptcy courts in Troy, Clifton Park, Saratoga, Schenectady and Albany, New York. Our lawyers are admitted to practice in all City / Village / Town Courts in and around Albany, Altamont, Amsterdam, Berne, Bethlehem, Brunswick, Clifton Park, Cohoes, Colonie, Coeymans, Delaware, Duanesburg, East Greenbush, Fulton, Glens Falls, Glenville, Gloversville, Grafton, Greene, Guilderland, Hoosick, Hudson, Johnstown, Malta, Mechanicville, Menands, Montgomery, Nassau, New Scotland, Rensselaer ...