This depends on numerous factors including whether you qualify for Chapter 7. A bankruptcy attorney can help you determine which filing is best suited for your individual needs. In most cases, for most debtors, Chapter 7 is the best option since it eliminates credit card debt, medical debt, and personal loans. Only those debts which are secured by real property (your car loan and home mortgage), certain taxes, back child support payments, and some student loans are not eliminated in bankruptcy.