Nobody wants to file bankruptcy. But sometimes life just happens. Divorce, illness, and job losses, among many other life events, all wreak havoc on your financial well being. Bankruptcy is designed to give you a fresh start to help you recover from the hard knocks that sometimes come our way. Learn about the difference between chapter 7 and chapter 13, what happens to your house and car when you file bankruptcy, even how long a bankruptcy will stay on your credit report.