The Nevada Chapter 13 Plan, also known as the Wage Earner's Bankruptcy, is a type of bankruptcy that allows debtors to pay back creditors over a 3-5 year period. The debtor's income and assets are taken into consideration when determining the payment plan, which is then approved by the court. The plan is administered by a trustee who collects payments from the debtor and distributes them to creditors. The Nevada Chapter 13 Plan includes several types of payment plans. The most common plan is the traditional repayment plan, which requires the debtor to make regular payments to the trustee for the entire term of the plan. This plan must be completed in full, and all debts must be paid in full. Other types of plans available in Nevada are the modified repayment plan, which allows the debtor to reduce the amount of debt, and the balloon payment plan, which allows the debtor to pay all obligations in one lump sum.