You know bankruptcy will help you get back on your financial feet. But which chapter type is best? The New Bankruptcy explains the benefits of Chapter 7 and Chapter 13 bankruptcy so you can make an informed choice that addresses your financial needs. For instance, you'll learn that Chapter 7 will:

- wipe out credit card balances, utility bills, medical debt, and more

- protect property you need to work and live, and

- take about four to six months to complete.

Chapter 13 bankruptcy works by keeping creditors at bay while you:

- catch up on a house or car payment

- pay off an overdue tax or support balance, and

- pay less on other debt, such as credit cards and student loans.