According to FICO (the most widely-used credit scoring company in the U.S.), whether you file for Chapter 13 or Chapter 7 bankruptcy makes no difference to your credit score. (Learn the difference between Chapter 7 and Chapter 13 bankruptcy .)
However, it is possible that a potential creditor viewing your credit report will look upon one type of bankruptcy more favorably than another. For example, some creditors might view someone who files for Chapter 13 (in which you repay some or all of your debts over a three to five year period) as more responsible, and thus a better credit risk, than someone who files for Chapter 7.
To learn more, see Nolo's article, Is Chapter 13 Bankruptcy Better for My Credit Than Chapter 7?
by: Kathleen Michon , J.D.