A Chapter 13 Bankruptcy may be the right solution for your financial problems. You can protect important assets like your home with Chapter 13, repay non-dischargeable tax debt in an orderly fashion, and catch up on home, automobile, or other secured debts during your Chapter 13. Further, if you don't qualify for Chapter 7 Bankruptcy because of your income or assets, or it is otherwise not a good solution for your circumstances, a Chapter 13 Bankruptcy may be your best option.
Chapter 13 allows you to pay back certain debts with a three-to-five year payment plan, which can include debts such as mortgages and car loans. It is a process which takes into consideration changes in your life going forward such that if your situation changes for the better or worse during the Chapter 13 plan, you can seek to modify the plan accordingly to account for your needs.
When you file for bankruptcy, creditors are forced to stop collection efforts under bankruptcy's "automatic stay."