Chapter 13 bankruptcy is officially called an adjustment of debts for individuals with regular income. This relief is limited to people who have debts under the limits, but you have to owe a lot of money before you become ineligible.
What are the current chapter 13 bankruptcy debt limits?
UPDATE: As of April 1, 2013, § 109(e), eligibility for Chapter 13 is capped at the allowable unsecured debt limits increase of $383,175 and secured debt limits increase of $1,149,525.
These limits change every three years. The next change will be April 1, 2016.
If you are not eligible for chapter 13 bankruptcy, you might be eligible to get help under another chapter of the bankruptcy code.
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