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Tennessee residents like you may fall under financial duress at some point. You may end up filing for bankruptcy. This can put a lot of mental and emotional pressure on you. Also, you will have certain obligations to fulfill as a debtor. 

But if you can shoulder these obligations and soldier through, you will be able to pay off your debts in 3 to 5 years. For you, that might make Chapter 13 worth it. But what are your obligations, exactly? 

File all paperwork and pay all filing fees

The U.S. Courts discuss basics of Chapter 13 bankruptcy, including debtor obligation. You have many obligations as a debtor filing for Chapter 13 bankruptcy. Most of these obligations tie to your creditors. The first obligation you have is to file all paperwork properly and pay all fees related to that. This is an obligation for anyone filing for any type of bankruptcy. 

What makes Chapter 13 unique is its focus on a repayment plan. Rather than worrying about your assets getting liquidated, you instead make a plan. You craft this plan with professionals. They look at every source of expenditures and income. You work together to decide a realistic repayment plan that you can achieve in 3 to 5 years. 

Stick to your plan and pay back your debts

From there, your obligations involve paying back creditors in order of importance. You must handle secured priority debts first. This includes missed alimony or wage payments. At the other end of the list are the unsecured debts, like credit card payments. 

The most important obligation you have is to stick with this schedule. You do not get a second chance if you fail Chapter 13 bankruptcy. Treat it accordingly.