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Stop creditors and get more time to pay.Filing for Chapter 13 bankruptcy stops creditors, lawsuits, wage garnishments, bank levies, and other collection actions immediately, giving you time to restructure your debts. Yes, you'll pay into a three- or five-year repayment plan in Chapter 13. But your money will go toward the debts that matter most - like your mortgage, car loan, support obligations, and taxes. Remaining debts, such as credit card, medical, and utility bills, usually receive only a fraction of what you owe.Also, Chapter 13 offers unique debt solutions not available in Chapter 7, sometimes making Chapter 13 the better choice even for those who qualify for Chapter 7. For instance, only in Chapter 13 can filers do the following:keep all propertyavoid foreclosure and vehicle repossessionpay the fair market value for a car, andin some cases, eliminate a junior mortgage loan.