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If you are behind on your mortgage(s) and/or on other debts on your home, Chapter 13 gives you some tremendous tools for dealing with them.

Chapter 13 provides awesome tools for hanging onto your home. Yet sometimes Chapter 7 is enough and better.

Chapter 13 helps much more than a Chapter 7 case IF you’re behind on payments or sometimes if you owe more than your vehicle is worth.

For many people, no debt has more practical importance than their car or truck loan.

Debts secured by liens on your property or possessions often grab the most attention during a bankruptcy case.

In most Chapter 7 “straight bankruptcy” cases most debts are written off, so what happens to them in a Chapter 13 “adjustment of debts”?

Your debts that are not secured by collateral and are not “priority” debts are discharged (written off) and paid nothing. Mostly.

Bankruptcy gives you a handle on your debts. There are different kinds of debts. It helps if you have a handle on these differences.

If you shut down your business, and file bankruptcy, that often ends business litigation against you. But not in these three situations.

One benefit of owing more business debt than consumer debt is that it gives you a largely free pass into a Chapter 7 bankruptcy case.