There are many differences, but probably the main difference is that in Chapter 13 you get to keep your property as long as you are adhering to the repayment plan. In other words, Chapter 13 is not a liquidation bankruptcy like Chapter 7, where much of the debtor’s assets (if there are any) are liquidated. Consumers who file Chapter 13 pay their debtors out of their future income instead of their liquidated assets.