Both Chapter 7 and Chapter 13 bankruptcies have certain eligibility requirements. If you meet the requirements for both, you are able to choose which type you file. If you only meet the requirements for one, you have to file for that type. Some of the factors that determine your eligibility include your current income and the amount of debt you have. Those who are eligible for both options, often choose Chapter 7, as it provides the opportunity to discharge nearly all debts. However, Chapter 13 is still a good option for those filers who have adequate income.