The most common bankruptcy is Chapter 7. To clarify, it does not require any filers to pay back any portion of their debts.
On the other hand, Chapter 13 might be the best choice depending on your situation.
For example, if you are behind on your mortgage and want to keep your house, Chapter 13 will set up a plan for you to repay over time.
Meanwhile, Chapter 7 could make you lose your home.
Parker and DuFresne