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 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.