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You can have only certain maximum amounts of secured and unsecured debts in order to qualify for Chapter 13, but most people have much less.

The amount of your income can qualify you for Chapter 7 if it’s not too high, and if too high there still may be ways to qualify.

Chapter 7 “straight bankruptcy” can give some relief with income tax debt, but Chapter 13 can give so much more.

Here’s how bankruptcy can help if you were already on the financial edge and just found out you owe (more) income taxes.

If you need bankruptcy protection but already filed a case within the last few years, you may still be able to file a new one now.

If you jointly owe a debt with someone, bankruptcy protects not only you but also your co-signer.

If you jointly owe a debt with a co-signer, bankruptcy can protect you from the creditor and from your co-signer, or protect your co-signer.

If you owe income taxes and the IRS is about to seize your assets, bankruptcy can help in significant and surprising ways.

If you’re behind on child or spousal support payments, Chapter 7 may help a little. Chapter 13 can help a lot.

Regular Chapter 7 bankruptcy gives very limited help if you’re behind on your vehicle loan payments. Chapter 13 provides much more help.