Chapter 7 of the Bankruptcy Code is for the discharge of debts. When filing chapter 7 bankruptcy you either pay for or give up your property for secured debts. You surrender any nonexempt property in order to pay off as much of your other debt as possible. You keep all of your exempt proerty and are released from any obligation to repay the remaining debt.
One requirement of filing chapter 7 bankrupcy is that you do not have enough income to pay your debts. If the judge presiding over your case finds that you have sufficient income to repay these debts, your case will be dismissed.
Ch 7 bankruptcy is sometimes called straight bankruptcy. Filing chapter 7 bankruptcy usually takes four to six months to complete and typically costs a few hundred dollars in administrative fees plus lawyer costs.
More often than not, you never have to appear in front of a judge. Instead, you will deal with people while sitting at a table in a meeting room. It really is not very difficult to file chapter 7 bankruptcy