You keep the house, but you must pay the mortgage. There are many other exemptions not listed above. In addition, under New Jersey law, monies put away for retirement, either in a 401K or in an employee pension plan are not included in the bankrupt estate and therefore are exempt. Debts not included in this lists may be dischargeable. Certain debts are not dischargeable in Chapter 7 Bankruptcy, such as taxes.
Student loans are dischargeable only in limited circumstances.
If you forget to list a debt in your bankruptcy petition, then the debt may not be discharged. Alimony, equitable distribution and child support are not discharged. This is usually reserved for debts which are liens on property, such as car loans. You can reaffirm a small credit card debt for the purpose of building credit in the future. No, but you and your attorney will have to attend a hearing held by the United States Trustee where you are questioned about your debts and your assets.