Which of the following bankruptcy types often involves repayment plans?

Chapter 13 bankruptcy is specifically designed for individuals with regular income who wish to restructure their debts while maintaining their assets. It allows debtors to propose a repayment plan to make installments to creditors over a specified period, typically three to five years. This type of bankruptcy provides a way for individuals to catch up on missed payments and avoid foreclosure, all while making manageable payments based on their income and expenses.

In contrast, Chapter 7 bankruptcy, often referred to as "liquidation bankruptcy," generally involves the sale of non-exempt assets to pay off debts, without a repayment plan. Chapter 11 is primarily utilized by businesses that require restructuring or reorganization, often involving more complex financial arrangements than an individual repayment plan. "Straight bankruptcy" is a more colloquial term that typically refers to Chapter 7 and does not include structured repayment plans. Thus, Chapter 13 is the correct answer as it is the only type of bankruptcy among the options that centers around a structured repayment plan for individuals.