There are four types of bankruptcy available to individuals:
Chapter 7 (a liquidation-style case for individuals or businesses);
Chapter 13 (a payment plan or rehabilitation-style case for individuals with a regular source of income);
Chapter 12 (a payment plan or rehabilitation-style case for family farmers and fishermen); and
Chapter 11 (a more complex rehabilitation-style case used primarily by business debtors, but sometimes by individuals with substantial debts and assets).