If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of bankruptcies, particularly Chapter 7 and Chapter 13, you’ll want to read on.

Discover who qualifies for each, what you keep, what it costs, and how each one affects your home and your credit score.

Unmanageable debt creates overwhelming pressure for household budgets and small business operations alike. Creditor phone ...

U.S. bankruptcy filings rose 11.4% to 621,111 in the year ending September 30, 2026. Bankruptcy attorney and consumer ...

Other types of bankruptcy go beyond Chapters 7 and 13. Learn how Chapters 9, 11, 12, and 15 work, who can file each, and what they mean.

Deciding to file for bankruptcy is difficult enough without also having to untangle which chapter actually fits your situation. Chapter 7 and Chapter 13 solve the same underlying problem, unmanageable ...

Mark Henricks has written on mortgages, real estate and investing for many leading publications. He works from Austin, Texas, where he engages in songwriting, wilderness backpacking, whitewater ...

Chapter 7 and Chapter 13 solve different problems. Chapter 7 — liquidation: the fast reset — qualifying filers discharge most unsecured debts (credit cards, medical bills, personal loans) in roughly ...

Bankruptcy is a legal procedure that can provide relief to individuals and businesses struggling with overwhelming debt. There are several types of bankruptcy filings, but the two most common types ...