Chapter 7 Bankruptcy
If you are completely overwhelmed by debt, a Chapter 7, also known as "straight bankruptcy” might be an option. Chapter 7 will wipe away most unsecured debt such as medical bills, credit card debt, most old taxes, repo deficiencies, etc. In many cases you can retain your home and vehicle, and other personal property. Like a Chapter 13, all lawsuits, garnishments and harassing phone calls must stop!