When Chapter 13 Bankruptcy Is Better For Filers Than Chapter 7

Most people assume that chapter 7 bankruptcy is the best route to take when they file. It has the advantage of eliminating debt quickly and completely. It's not the right type of bankruptcy for everyone, though. Read on to find out situations that may call for filing chapter 13. The Filer Has Too Much Income  Chapter 7 has income restrictions for filers. Their income is compared to the median income in their state and that can cause many not to qualify for filing chapter 7.