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There are officially six separate categories of bankruptcy , each designated after a specific section of federal bankruptcy law. However, Chapter7 and Chapter 13 bankruptcy are the two types of bankruptcy that are most frequently filed. Chapter7 is known as liquidation in bankruptcy legislation.
Chapter 13 Bankruptcy There are 6 types of bankruptcy, but two of the most common types are Chapter7 and Chapter 13. Each type of bankruptcy is named after the chapter of the code that describes it.) There are some key differences between these two types of bankruptcy.
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Chapter 7 bankruptcy 
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