Oklahoma Chapter 13 Plan is a debt repayment program that enables individuals to reorganize their debts and pay them off over a 3-5 year period. This form of bankruptcy is often referred to as a “wage earner’s plan” because it is designed to help individuals who have a regular income to repay their debts. The debtor proposes a repayment plan to their creditors, which is then subject to approval by the court. Under an Oklahoma Chapter 13 Plan, debtors are able to pay a portion of their outstanding debts in one lump sum, while the remaining balance is paid out monthly over the course of the repayment plan. The debtor must make payments on time, and any late or missed payments may result in dismissal of the case. Creditors are not allowed to pursue collection activities against the debtor while the plan is in effect. There are three types of Oklahoma Chapter 13 Plans: Standard, Flexible, and Special. The Standard Plan is the most common type and is usually used by debtors with a moderate amount of debt. The Flexible Plan is for debtors with a large amount of debt and allows for greater flexibility in repayment terms. The Special Plan is for debtors with a low income and allows them to make smaller payments over a longer period of time.