Chapter 11 bankruptcy is the type of bankruptcy used primarily by businesses that have large amounts of unsecured debt and are financially overwhelmed.

Chapter 12 Bankruptcy is designed for family farmers, tember cutting and family farm fishermen. One of the greatest benefits of Chapter 12 is  to propose a reorganization plan that will allow payments to be made seasonally.

Chapter 13 bankruptcy is a system where debt is consolidated into one single payment made each month for a period of three to five years.  The benefits includ possible reduction of interest rates, possible reduction of the total amount owed on items that have been financed, and elimination of debt.