There are several chapters of bankruptcy including Chapter 7, Chapter 9, Chapter 11, Chapter 12, and Chapter 13. The majority of consumer cases are either Chapter 7 or Chapter 13.
A few of our business clients must file Chapter 11 (which is a business reorganization) or Chapter 12 (which is exclusively for farmers). Chapter 9 is for governments, and you may have heard that Detroit, Michigan recently filed for Chapter 9 bankruptcy protection.
Learn more: Chapter 7 vs. Chapter 13
