Bankruptcy is a legal process whereby an individual can discharge or restructure debt. In a Chapter 7 case, depending on the circumstances, an individual can usually wipe out their unsecured debt by utilizing the available exemptions and obtaining a discharge. A Chapter 13 case is utilized to keep assets such as a home or car and rehabilitate an individual's financial situation through a Chapter 13 plan. As a knowledgeable bankruptcy firm, we can advise you whether bankruptcy is a possible solution to your financial difficulty and what bankruptcy chapter you should filed.