There are six types of bankruptcy under the Bankruptcy Code, located at Title 11 of the United States Code:

* Chapter 7 Bankruptcy: basic liquidation for individuals and businesses;

* Chapter 9 Bankruptcy: municipal bankruptcy;

* Chapter 11 Bankruptcy: rehabilitation or reorganization, used primarily by business debtors, but sometimes by individuals with substantial debts and assets;

* Chapter 12 Bankruptcy: rehabilitation for family farmers and fishermen;

* Chapter 13 Bankruptcy: rehabilitation with a payment plan for individuals with a regular source of income;

* Chapter 15 Bankruptcy: ancillary and other international cases.