Priority debts are largely unaffected by a Chapter 7 case--it does not discharge them, so you need to pay them after finishing your case.
One of the most important aspects of bankruptcy is that all debts are not equal. "Priority" debts are treated special in a number of ways.
You can file a new bankruptcy immediately after finishing another one, but why would you?
Give the bankruptcy trustee the headache of dealing with your final business assets
Chapter 7 bankruptcy can often also wipe judgment liens off the title to your home.
Chapter 13 protects you while you catch up on or pay off very important debts.
Chapter 7 gives you a fresh financial start by legally erasing your debts. That's enough if your debts are simple ones.
Bankruptcy protects your home. Both Chapter 7 and 13 do so, but which is better for you?
Simplistic but often true: Chapter 7 deals better with simpler debts, while Chapter 13 with more complicated debts. What ARE more complicated debts?
If you need bankruptcy protection but already filed a bankruptcy case within the last few years, you may still be able to file a new one now.
If you're behind on child or spousal support, the support enforcement agency can be extremely aggressive. Chapter 7 doesn't help much. Chapter 13 CAN.
Bankruptcy protects your paycheck because it's more powerful than a creditor's garnishment court order.
If you want to hold onto your home, Chapter 13 gives you many extraordinary advantages.
Don't disregard bankruptcy as an option just because it does not write off the debt which is your immediate headache. There's likely some good medicine for that headache after all.
In bankruptcy, are you allowed to favor: 1) creditors with collateral, so that you can keep the collateral; 2) creditors toward whom you have special loyalty; and 3) creditors who have extraordinary leverage against you?