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There are four types of bankruptcy cases provided under law. Most people filing bankruptcy will want to file under either Chapter 7 or Chapter 13. Either type of case may be filed individually or by a married couple filing jointly.

Chapter 7
Chapter 7 is known as "straight" bankruptcy or "liquidation." It requires a debtor to give up property, which exceeds certain limits called "exemptions," so the property can be sold to pay creditors. This is the most common type of bankruptcy.

Chapter 11
Chapter 11, known as "reorganization," is
used by business and a few individual debtors
whose debts are very large. Please contact us
for your initial consultation if you feel you may
fall into this filing.

Chapter 12
Family Farmer reorganization.

Chapter 13
Chapter 13 is called "debt adjustment." It requires a debtor to file a plan to pay debts (or parts of debts) from current income.

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Types of Bankruptcy