They will oversee the liquidation of assets, in the case of a Chapter 7 bankruptcy, or the repayment of debts in the case of a Chapter 13 proceeding. You will go to a 341 meeting of creditors ...

You can qualify after 12 on-time payments into a Chapter 13 bankruptcy plan with the court's and trustee's approval. Your credit score can be as low as 500 if you make a 10% down payment.