If you decide that you have to file bankruptcy, you will generally choose to either file a Chapter 7 or a Chapter 13 bankruptcy petition. When you file a Chapter 7 or Chapter 13 petition, you are asking the Bankruptcy Court to issue a discharge order that bars your creditors from taking any legal action to collect the debts that you owe. 

In a Chapter 7 case, you are asking the Bankruptcy Court to issue an Order of Discharge without having to pay any amount to your unsecured, non-priority creditors. In a Chapter 13 case, you submit a plan asking the court to grant you a discharge after you pay an amount that you propose to pay to your creditors. William Buchanan can help you decide if you should file bankruptcy.