Chapter 13 bankruptcy is becoming more and more common for individuals seeking immediate relief from their creditors. With the economy steadily improving, higher income debtors must rely on chapter 13 as their only form of relief. While chapter 13 does require borrowers to pay back a portion of their debts, it looks much better on their credit report. A chapter 13 bankruptcy shows future creditors that you made an effort to pay a portion or all of your debts back. A chapter 13 is often viewed more favorably by your future creditors than a chapter 7 filing.