Which chapter of bankruptcy is typically associated with personal bankruptcy?

Chapter 13 bankruptcy is specifically designed for individuals with a regular income who want to repay their debts over an extended period while still keeping their assets. It allows individuals to create a repayment plan that lasts three to five years, enabling them to make manageable payments to creditors while retaining ownership of their property.

In contrast, Chapter 7 bankruptcy involves the liquidation of assets and is geared more towards those with limited income and significant unsecured debts. Chapter 11 is primarily used by businesses seeking to reorganize their debts while continuing operations and is not typically associated with personal bankruptcy. Chapter 15 deals with cross-border insolvency issues and is related to cases involving debtors with assets or creditors in multiple countries.

Thus, Chapter 13 is the preferable choice for personal bankruptcy for individuals seeking to reorganize their debts rather than liquidate them, making it the correct answer.