A Chapter 7 bankruptcy is designed to help individuals get out from under bills they simply can’t afford to pay and gives them a much-needed fresh start.
Filing for Chapter 13 bankruptcy allows you to reorganize most of your personal finances by setting up a monthly payment to your creditors that pays back a portion of the amount you owe.
Chapter 11 bankruptcy is open to businesses in the United States. It is available to individuals as well, but commonly filed by corporations, partnerships, and other business entities.
