Chapter 13 bankruptcy is a flexible debt consolidation and restructuring plan under the U.S. Bankruptcy Code. In Chapter 13, you get to keep your assets in exchange for paying at least a portion of your debts in a certain priority order over 36 to 60 monthly payments. The duration and total cost of the Chapter 13 case are based on the value of your assets, your income, your expenses, and the character and amount of your debts. You should think of Chapter 13 in terms of “Who gets What, When, over How Long.”