Chapter 13 is a reorganization of your debts, where you are partially paying off your debts. Debtors work out a payment plan with the court to ensure that all of the debt is eventually paid. If you have equity in your house, or a paying job, or some other assets, you may have to partially pay back your debts. The only way to save your house from foreclosure is to file Chapter 13, which protects your house from being sold to pay off creditors. You also pay your normal secured debts (things like a house and car). For the unsecured things, you have a plan to pay off approximately 10% of what you owe (depending on your income), over a period of time.