Navigating the complexities of personal finance can be a daunting task, especially when faced with overwhelming debt. For many individuals and families, bankruptcy may seem like a viable option to regain control over their financial situation. However, the bankruptcy process is not a one-size-fits-all solution; it encompasses various chapters, each designed to address different financial circumstances. Among the most common types of bankruptcy are Chapter 7 and Chapter 13, each with its own set of rules, benefits, and implications.
