Bankruptcy can feel overwhelming, but it is designed to give individuals and businesses a fresh start. Chapter 7, Chapter 13, and Chapter 11 are the most common types of bankruptcy, each offering different solutions depending on your unique circumstances.

• Chapter 7 bankruptcy is often referred to as “liquidation bankruptcy.” It allows individuals and businesses to eliminate most unsecured debts and get a clean slate.
• Chapter 13 is a reorganization plan for individuals, enabling you to keep important assets and repay creditors over time.
• Chapter 11 is mainly used by businesses, providing the opportunity to restructure debts and continue operations while working toward financial stability.

An experienced attorney can guide you through your options, help you understand which chapter fits your needs, and support you every step of the way.