Vermont Chapter 13 Plan is a repayment plan for individuals with regular income that can be used to pay off their creditors over a period of three to five years. It is a form of bankruptcy that allows the debtor to retain their assets while making payments to creditors according to a court-approved payment plan. There are three types of Vermont Chapter 13 Plan: a wage earner plan, a self-employed plan, and a farmer plan. The wage earner plan requires the debtor to make payments to a trustee who distributes the payments to creditors. The self-employed plan allows the debtor to make payments directly to creditors without a trustee. The farmer plan allows for reduced payments to creditors and is only available to farmers. Each plan requires that the debtor propose a payment plan that meets certain eligibility requirements, including that the debtor must have enough disposable income to make the payments and that the amount of the payments must be within a certain range. All plans must also be approved by the court.