Filing a Chapter 7 Bankruptcy could get rid of all of your debt, but may not for everyone. The key is what type of debt you have. In a Chapter 7 bankruptcy, debt is categorized into two types: dischargeable (debts that will be eliminated) and nondischargeable (debts you will still be responsible for). Dischargeable Debt If you have only dischargeable debts, then you will likely be cleared of all your debts up to the point of filing a Chapter 7 bankruptcy. Dischargeable debts under Chapter 7 include but are not limited to: Credit card debt Medical bills Personal loans Utility.