A Chapter 7 bankruptcy is a basic case. The fees are due before filing, and you are generally discharging debts such as credit cards, medical bills, and personal loans. You continue to pay secured debts if you want to keep the property securing the loan. In some cases you will reaffirm debts and treat them as if no bankruptcy was filed against them. A Chapter 7 bankruptcy will not correct or fix a default in payments if you are behind on a car or house loan. It can be very effective if planned out correctly. It will be very disappointing if it is done incorrectly as you could lose assets or worse. Please go to Bankruptcy University if you need more information or contact us and we will explain things in detail.