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Chapter 7 often is the better choice if you only have simpler debts, Chapter 13 is better with more complicated debts.

Chapter 7 arguably deals with simple debts better than does Chapter 13. Are all or most of your debts simple ones?

The difference between a Chapter 13 trustee and a Chapter 7 one reflects the differences between these two procedures.

In bankruptcy usually your main adversary is the “trustee.” What does this person do? In what ways is he or she your adversary?

Chapter 7 provides protection from creditor collections. Chapter 13 protects you longer, if needed.

Your failed or failing business does NOT likely need to file its own bankruptcy case (separate from your personal one). Here’s why.

One important question to ask when you’re financially cleaning up after a failed business: can the business file bankruptcy without you?

The bankruptcy process makes much more sense if you know the players in the process and what they do.

Once you’ve decided you need bankruptcy relief the next question is: “Can I keep everything I own under Chapter 7 or do I need Chapter 13?”

If you qualify for both, first find out whether and how much you’d be helped by Chapter 13, then decide whether Chapter 7 is enough.