Struggling to pay bills every month, whether through loss of a job, illness or simply falling behind can be very stressful.  Many unsecured debts, such as credit card debt, medical bills, some older taxes and personal loans are dischargeable in Chapter 7 Bankruptcy.

In many cases, the debtor is able to retain his/her car or home (depending on the amount of equity in the home) or other secured items.  In addition, your retirement account may be exempt during the process of bankruptcy.  This means you will be able to retain some or all of your retirement savings.  

There are certain forms of debt that cannot be discharged in Chapter 7.  These include child support and/or alimony.  Student loans are generally not dischargeable, but may be in certain circumstances.  You may have some debt that will not go away with Chapter 7.  This can be determined by discussing your individual situation with Mr. Bronson.