There are officially six chapters in the U.S. bankruptcy code and they address different aspects of the process. They are: Chapter 7 (liquidation), Chapter 9 (municipalities) , Chapter 11 (reorganization, usually for businesses), Chapter 12 (family farmers), Chapter 13 (repayments options), and Chapter 15 (international bankruptcies). Of these, Chapter 7, Chapter 11, and Chapter 13 are the most common.