The New Bankruptcy explains the benefits and differences of the two most commonly filed bankruptcy chapters, Chapters 7 and 13. Readers learn that Chapter 7 quickly eliminates credit card balances, utility bills, and more without requiring creditor repayment, making it the first choice of most filers. Chapter 13 bankruptcy's three- to five-year payment plan is the better option for debtors who want to keep houses and cars they'd otherwise lose to foreclosure or repossession, or pay overdue tax and support balances over time. This guide helps filers determine whether they qualify for the chapter that best meets their needs, explores nonbankruptcy debt relief options, and includes an online companion page with downloadable worksheets.