Chapter 7 may discharge qualifying unsecured debts, including many credit card balances and medical bills. Certain debts, including support obligations and many tax debts, generally remain.

Eligibility depends on your circumstances, including income, prior filings, and applicable means-testing requirements. Exemptions may protect property, but nonexempt assets can be sold by the bankruptcy trustee. Keeping a home or vehicle also depends on liens, payments, and other facts.

Filing generally triggers an automatic stay that pauses many collection actions. Exceptions and limits apply, particularly with repeat filings.

Before filing, get advice about property transfers, retirement withdrawals, and payments to relatives. Bring recent pay records, tax returns, bank statements, debt information, and any collection or court papers to your consultation.