The Best Bankruptcy Payment 2023. This chapter of the bankruptcy code provides for adjustment of debts of an individual with regular income. The bankruptcy code requires that you make your first plan payment to your chapter 13 trustee within 30 days of filing your bankruptcy petition.

Chapter 13 (also called a reorganization) bankruptcy is a legal process that allows you to restructure your debt so that it’s more manageable. It is often caused by inadequate cash flows or excess costs. It’s a complicated process that’s best taken on with the assistance of an attorney.