Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Can someone tell me the difference between chapter 7 and chapter 13 bankruptcy? - Unfortunately my husband and I are thinking about filing bankruptcy, well my husband actually. He's lost his job, just found our he has cancer. So we're surving on unemployment income and the medical bills are mounting. I'm trying to find a job, but I haven't had any luck yet.

We dont know if it would be better to let our home foreclose and not file bankruptcy or just file bankrupcy.

Can anyone give me any info -