Chapter 7 and Chapter 13 both prevent foreclosures and repossessions. However the Chapter 7 is used when the debtor either can get current or desires to surrender and discharge these debts, along with medical bills, credit card debt, loan companies, check cashing companies and some times federal income taxes in limited situations. Chapter 13 is a repayment plan for past due mortgages and car payments. The interest rate with the car will drop in many cases to 6 per cent over the 60 month or less plan period. The mortgage arrearage also gets repaid over the plan period in smaller chunks than most creditors afford. Chapter 7 and Chapter 13 are unique constitutional guarantees. The chapter 13 sends out a wage order, not garnishment, to your employer to pay the plan expenses. You cannot get fired for filing either bankruptcy. Debtors will need to disclose income,, debts, all real and personal property , retirement accounts and apply the exemptions that these items of property are permitted under Mississippi State law.