Many people have concerns about filing for bankruptcy in California, especially the impact on credit scores that they worry will follow them around for the rest of their lives. These fears may be justified, but it is important to consider them alongside the benefits for your financial future. With Chapter 7, you discharge your debt entirely as long as you qualify. Chapter 13 offers the option to repay debt at a fraction of what you would owe, according to a monthly plan that you can afford. With both types of bankruptcy, you enjoy the automatic stay that stops creditors from attempting to collect your debt.