Before you file for Chapter 13 bankruptcy, it's helpful to know what your repayment plan could look like. Getty Images/iStockphoto

As 2025 winds down and the holiday season looms, millions of Americans are confronting an uncomfortable truth: Their debt has become unmanageable over the past year. And, that makes sense. Not only is high and sticky inflation eating away at most people's budgets, but credit card balances are at historic highs right now, too. And, with interest rates still elevated, the minimum payments barely make a dent in what's owed. So, those credit card charges, which may have started as a temporary way to cover the higher cost of groceries, gas and rent, have now spiraled into a serious financial crisis.

When this happens, the idea of filing for Cha

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