What are the differences between the different kinds of bankruptcies?
The bankruptcy court will determine what debts can be discharged under Chapter 7. Under Chapter 13, you will be working out a payment plan with your creditors. In either case, you will still be responsible for alimony and child support; certain taxes; student loans; and debts or loans that you obtained through giving false information. There are a growing number of individual Chapter 11 bankruptcy filings. These are more complex, but often offer a better result for some of our clients. We'll be happy to work with you to determine the correct option for you.