BankruptcyBankruptcy
Car TitleCar Title
Chapter 13 BankruptcyChapter 13 Bankruptcy
Chapter 7 BankruptcyChapter 7 Bankruptcy
Community PropertyCommunity Property
ConservatorshipConservatorship
Disability InsuranceDisability Insurance
Estate PlanningEstate Planning
ExecutorExecutor
GuardianshipGuardianship
Inheritance TaxInheritance Tax
Liability InsuranceLiability Insurance
Living TrustLiving Trust
Living WillLiving Will
Post-Divorce Financial RecoveryPost-Divorce Financial Recovery
Postnuptial AgreementPostnuptial Agreement
Power of Attorney (POA)Power of Attorney (POA)
Prenuptial AgreementPrenuptial Agreement
ProbateProbate
TrustTrust
Trust FundTrust Fund
WillWill
Entrepreneurial Finances
Healthcare
Financial Coaching & Mindset
Credit & Creditworthiness
Government Benefits & Programs
Banking & Savings
Real Estate & Homeownership
Insurance & Financial Protection
Taxes
Debt & Loans
Budgeting & Spending
Employment & Income
Legal & Estate Planning
Investments & Retirement
Product1:1 CoachingOur CoachesOur Story
For Partners
Resources
Start Here
Product1:1 CoachingOur CoachesOur Story
For Partners
Resources
Start Here

Chapter 13 Bankruptcy

Definition

A bankruptcy plan where you repay some or all of your debts over time, usually three to five years, under court supervision.

What to consider

  • This is a structured plan to repay your debts over a few years.
  • It might let you keep your assets, but it takes time to rebuild credit.
  • Understand that it’s a serious, long-term commitment to financial recovery.

Real world scenarios

  • Evelyn files Chapter 13 after high medical bills, creating a structured repayment plan that allows her to keep her home.
  • During the bankruptcy period, Calvin carefully follows the court-approved budget to reduce debts systematically.
  • Successful completion of the plan helps Alicia rebuild her credit over time, emerging with fewer liabilities.

Related terms

Power of Attorney (POA)
Car Title
Prenuptial Agreement
Disability Insurance
Executor

Related Playbooks

Get instant access to all our expert playbooks and 1-1 financial coaching when you join the Bolder Money community. Learn more here.

Playbooks for this topic are on the way!
Legal & Estate Planning
Got Any Questions?

Talk to a Financial Coach

Book a free consultation with one of our coaches.
Book a Free Call
coaches@boldermoney.com
Linkedin IconInstagram IconTwitter IconFacebook Icon
No BS. Just good emails.
Thank you! You are now subscribed!
Oops! Something went wrong while submitting the form.
© 2025, Bolder Money
Terms & Conditions
Privacy Policy