Before you file for Chapter 7 bankruptcy, it's important to understand what will happen to your property. For many filers, Chapter 7 bankruptcy will wipe out most or all of their debts. But some debts won't be discharged (wiped) out in Chapter 7 bankruptcy.
Below you'll find overview articles explaining what happens to your debts (both secured and unsecured), articles on specific types of debts, and a link to articles focused exclusively on secured debts.
Start here to learn the difference between secured and unsecured debts, and which debts will be wiped out in bankruptcy.
Learn what unsecured debt is and the special options for dealing with it in bankruptcy.
Do you have credit card debt, medical bills, tax debt, or a retirement plan loan? Find out what happens to these debts in Chapter 7 bankruptcy.