A typical repayment plan under a Chapter 13 bankruptcy lasts about three years. Additional time can be requested if your financial condition requires it and the bankruptcy court approves it, but in no case may the plan last more than five years. During the length of your repayment plan, you’ll be expected to make your monthly payments to the trustee in a timely manner. The size of your monthly payments will be determined by the amount you can afford after necessary living expenses are paid. If your repayment plan has you paying $150 (one hundred fifty dollars) a month to the trustee, you’ll have to pay that amount every month for three years or however long your repayment plan is established. At the end of your repayment term, you’ll be released from the liability of your discharged debts, regardless if your creditors have been paid in full or not. Keep in mind that in addition to the payments you must make in a Chapter 13 plan, you must stay current with any financial obligations you have with creditors who hold security or collateral on a loan. This includes home mortgages and car loans. All bankruptcy filings, including Chapter 13, only affect debts that you owed before you filed the bankruptcy. As a result, if you want to still keep your home or car, you must be sure to stay current with your payments from the filing date on.