Chapters 7, 11 and 13 are the most common types of bankruptcy, but not the only ones. There are also Chapters 9, 12 and 15, which are more specialized to handle less common situations.

Many people wonder if filing for bankruptcy is a one-time solution or if it can be repeated when financial struggles persist.

Below are examples of three types of business bankruptcy protection: Chapter 7, Chapter 11, and Chapter 13. Each grants you a temporary “stay” protecting you from creditors while the logistics ...

Chapter 7 and Chapter 13 bankruptcy are the most commonly filed types of bankruptcy, likely because they’re available to individuals. Other types of bankruptcy apply to businesses, individuals ...

Bankruptcy attorneys often charge a flat rate ranging from $1,000 to $1,750 for Chapter 7 bankruptcy and between $2,500 and $5,000 for Chapter 13 bankruptcy, according to Nolo.

Mitchell Marczewski of Marczewski Law Offices explains the differences between bankruptcy chapters, and who can qualify for each type.

Chapter 7 bankruptcy remains on your credit report for a total of 10 years, while Chapter 13 stays for 7 years. During this time, you'll likely face higher interest rates on loans and credit cards ...

Filing for bankruptcy can absolve you from having to pay back most of your debts, while debt consolidation simply combines all of your debt into one place to make it easier to pay off. Here, we ...

How often can you file Chapter 7? If your most recent bankruptcy was Chapter 7 — called liquidation bankruptcy — you could either have no waiting period or one as long as eight years.

Chapter 13 bankruptcy, on the other hand, allows the consumer to retain their assets. However, they must create a plan that will pay off their debts within a period of three to five years.

There are also two main types of bankruptcy for individuals — Chapter 7 and Chapter 13 — and each differs in terms of how it addresses your tax debt.