Ask the Dolans: What is the difference between Chapter 7, 11 and 13 bankruptcies?

Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday.

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With the number of businesses going under and people struggling with outstanding debts, it's become a common occurrence to hear about bankruptcy filings. But what exactly does it mean to file for bankruptcy? Our video response below explains the different chapters of bankruptcy and how to determine if it is the right move for you.

Dear Ken and Daria,

What is the difference between Chapter 7, 11 and 13 bankruptcies?

-Rhona



Having trouble making ends meet? If you're considering bankruptcy, let Ken and Daria Dolan walk you through this tough decision and advise what to look for in professional help.