what are the types of bankruptcy filings 
bankruptcy filings in the united states are categorized by which chapter of the bankruptcy code applies for example chapter 7 involves the liquidation of assets chapter 11 deals with company or individual reorganizations and chapter 13 arranges for debt repayment with lowered debt covenants or specific payment plans 2bankruptcy filing costs vary depending on the type of bankruptcy the complexity of the case and other factors most people file for chapter 7 bankruptcy which allows you to dispose of unsecured debts such as credit card balances and medical bills you must liquidate property to repay some or all of your unsecured debts if you have nonexempt assets such as family heirlooms collections with high valuations like coin or stamp collections second homes or investments like stocks or bonds 