Filing for bankruptcy does not automatically discharge every debt that you owe. Whether bankruptcy is the right choice depends, for the most part, on the type of debt you have.  There are two main types of debts: secured and unsecured. Bankruptcy WILL discharge most unsecured debts, but NOT secured debts unless you decide to surrender the collateral and rid your liability.  It is important to know the difference between the two.  Debts that are non-dischargeable through Chapter 7 bankruptcy include alimony, child support, student loans, fines and court ordered restitution, as well as debts incurred through fraud. In some circumstances you may restructure some of the defined debts in a Chapter 13 bankruptcy.  Some taxes may be dischargeable in a bankruptcy.  You should consult with an attorney regarding your specific tax concerns. Dischargeable debt in a Chapter 7 and Chapter 13 bankruptcy include credit card debt, signature loans, most utility bills, wage garnishments, medical bills and deficiency balances on surrendered collateral.  Before deciding to file for bankruptcy, it is wise to review what part of your debt is dischargeable, versus what is not-dischargeable.  Contact an attorney to find the differences in non-dischargeable and dischargeable debt in your specific case.