– How much money you owe
– Whether your debts are primarily consumer or business-related
– Your ability to repay your debts
If you have little or no income, you should probably file for Chapter 7 bankruptcy. Otherwise, you might want to file for Chapter 11 bankruptcy instead.
You’ll have more options when you file for Chapter 7 bankruptcy than when you file for Chapter 13 bankruptcy, too.
Chapter 7 bankruptcy usually requires very few court appearances. But it does mean that you’ll lose some of your personal possessions.
On the other hand, if you own your own business, you may be able to reorganize your debts under Chapter 11 bankruptcy.