Chapter 7 bankruptcy is often referred to as the “fresh start” bankruptcy, because it allows you to discharge your unsecured debts and get a clean slate. Unsecured debts include debts that are not attached to property such as credit card debt, medical debt and personal debts. If you do not qualify for Chapter 7 or if you have significant assets, Chapter 13 bankruptcy can help you reorganize your debts. In Chapter 13, you develop a payment plan to help you get back on track with your debt payments. These payment plans typically last three to five years.