Because under a Chapter 8 bankruptcy you lose your home your car and everything you own and you are basically homeless at this point.
However, With a Chapter 13 Bankruptcy you can usually keep your home and your car and you pay back your debts at about 10% to 20% on the Dollar. Also, after 5 years time if you can do this often your credit will be better than anyone you know which is a strange thing too.
So, if you are forced into bankruptcy and don't want to be homeless it's important to choose Chapter 13 personal Bankruptcy to keep your home and your car.
But, you do need a good bankruptcy Attorney to help you through all this.
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