Final answer:
Chapter 13 bankruptcy is the legal process that allows individuals with a regular income to create a plan to repay all or some of their debts over a specified period.
Step-by-step explanation:
Chapter 7 bankruptcy is the legal process that allows individuals or businesses to have their debts forgiven and start fresh financially. It is the most common form of personal bankruptcy and involves the liquidation of assets to pay off debt.
Chapter 13 bankruptcy, on the other hand, is a reorganization bankruptcy that allows individuals with a regular income to create a plan to repay all or some of their debts over a specified period.
Therefore, the correct option to legally satisfy personal insolvency is Chapter 13 bankruptcy.