Chapter 7 Bankruptcy allows qualifying debtors to eliminate most kinds of unsecured debt. Unsecured debt includes credit cards, medical bills, most personal loans, old tax debt, some judgements, and deficiencies on repossessed vehicles.
Chapter 13 Brankruptcy
Chapter 13 is a very low interest debt repayment through which the filer is expected to pay off debts in monthly increments over a five-year period. Debts typically consolidated can include: mortgage arrears, vehicle loan balances, student loans, credit card debt, and other unsecured debts.