The purpose of a chapter 7 bankruptcy is to allow a person to obtain a fresh start, free from creditors and free from the pressures of over-whelming debt. After filing for relief, an individual debtor may receive a discharge of debts.

A discharge permanently prohibits creditors from attempting to collect those debts listed by the debtor on the bankruptcy schedules. However, some debts are non-dischargeable. They include certain taxes, student loans, alimony, and child support to name just a few.

You are allowed to keep any assets (example mortgages, car payments) you choose as long as you can continue to make regular monthly payments.

Related article: How Are You Protected in Chapter 7 Bankruptcy

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