Which bankruptcy type typically allows the collection of debts from the filer?

Chapter 13 bankruptcy is designed for individuals with a regular income who want to repay all or a portion of their debts over a specified period, usually three to five years. This type of bankruptcy allows the filer to propose a repayment plan to make installments to creditors. By doing so, individuals can retain their property and avoid foreclosure or repossession while being given an opportunity to pay off their debts.

Under Chapter 13, the debtor's income is taken into account, and a structured plan is created, which often results in the reduction of the total debt amount while allowing the collector to recover some of their funds over time. This contrasts with Chapter 7 bankruptcy, which typically results in the discharge of unsecured debts but may require the liquidation of certain assets, and Chapter 11 and Chapter 12, which primarily serve businesses and families engaged in farming respectively, focusing on reorganization or specific situations rather than direct individual repayment.