Which one will make sense for you depends on your personal situation including, but not limited to, the amount of debt you have, your income, and the value of your assets.
Which Do You Qualify For?
Anyone can submit a bankruptcy petition (i.e. your “application”) for either Chapter 7 or Chapter 13 bankruptcy. However, the court does not have to accept your petition if the trustee determines that you should be filing for the other type of bankruptcy, or if you do not qualify to declare bankruptcy at all.