A: Chapter 13 is better suited for people with higher incomes or a lot of assets, which they would not have to surrender in a Chapter 7. It is popular now for stripping off second mortgages and readjusting secured debt. Chapter 7 is best for people with fewer assets and lower incomes, and gets rid of credit card, medical and other unsecured debt fairly quickly and easily. Chapter 7 has to be carefully entered into, because unlike Chapter 13, it is difficult to dismiss once filed. Competent legal advice should be sought before getting into either, especially Chapter 7.