Chapter 13 bankruptcy law is sometimes referred to as “floor wage. It allows debtors with regular income to pay some, or better yet, the full amount of their debts in installments. In this way, the debtor may maintain their property, but still pay the full amount of their debts over time. Therefore, the debtor is allowed to pay the claim on the amount you can afford at regular intervals. Compared Chapter seven bankruptcy liquidation of the debtor’s assets, this chapter is most profitable. The most obvious benefit is that the individual has the opportunity to save their property & # xE0; against insolvency. It ‘also easy to make plans to pay a loan within a maximum period of five, r. It also acts as a loan means that a trustee appointed to make it easier to collect and loans, the repayment to the creditors. In this way, the debts are paid unless the debtor is in contact with creditors. Unlike Chapter 7, which allows all types of borrowers from the partnership to individual, & # xE8; Chapter 13 bankruptcy does not deal with cases of f & # xF6 partnerships, companies. As in Chapter 7, the individual can not benefit from this chapter, if the debtor has previously been rejected by another piece of shit does not appear in court. As in other chapters of bankruptcy, the debtor’s application will not be accepted or processed unless they have received an opinion in economic affairs. This advisory is to help the ‘ individual to make reasonable decisions about credit. This occurs if the debtor Ari able to repay the debt.