Chapter 7 allows you to discharge most debts.

ALL of your debts excepting student loans, debt incurred as a result of driving under the influence and some taxes are DISCHARGED ENTIRELY in a successful Chapter 7. Car loans, home mortgages and other secured debt is likewise discharged or, if you want to retain the property these secured debts can normally be reaffirmed allowing you to carry on and except such from the bankruptcy discharge.

Many people are surprised to learn just how many of their assets are exempt from liquidation, including essentials like furniture, clothes – and many times even your home and / or car.