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Bankruptcy - Know Your Chapters For most people, declaring bankruptcy is not something they plan on doing and the thought of it is even hard to imagine. If you are faced with the prospect of bankruptcy there are a few options under the bankruptcy statutes that are available to you. These options include chapter 11, 13, 7. Bankruptcy Code - Various Chapters The thought of going bankrupt is generally something that most people don't consciously consider doing. However, the reality of today is that more and more people are not only considering bankruptcy; they are actively seeking it. Various forms of bankruptcy such as chapter 13 and chapter 11 are being exercised by people throughout the country today.

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