The type of bankruptcy that is best for you will depend on your specific financial situation. 

Consulting with Sidney Mickell, Attorney at Law can help you determine which type of bankruptcy is right for you.

The main differences between the different types of bankruptcies are:

Chapter 7: A liquidation bankruptcy that allows you to discharge most of your unsecured debt, such as credit card debt and medical bills. It may require the sale of some of your assets to repay creditors.

Chapter 12: A bankruptcy specifically for family farmers and fishermen, which allows for the restructuring of debt and the repayment of creditors over time.

Chapter 11: A reorganization bankruptcy is typically used by businesses to restructure and continue operating while paying off debt over time. It can also be used by individuals with a large amount of debt.

Chapter 13: A repayment bankruptcy that allows individuals with regular income to create a repayment plan to pay off their debts over a period of three to five years.

There are a few things you should avoid doing before filing for bankruptcy:

• Don't take out new loans or lines of credit
• Don't make large purchases on credit
• Don't transfer assets to family or friends
• Don't repay loans to family or friends
• Don't pay off one creditor over another
• Don't hide assets or income