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Filing for Chapter 7 bankruptcy is usually quicker than Chapter 13 and allows for most debtors to keep all or most of their property. Unlike Chapter 13 filers, Chapter 7 filers do not have to pay back a portion of their debt. A typical Chapter 7 bankruptcy takes three to six months, with the filer emerging debt-free (with some exceptions.) However, not everyone qualifies for a Chapter 7 filing. If the debtor’s income is sufficient to fund a Chapter 13 repayment plan, or for some other strategic reason, a Chapter 13 filing may be the best option.