The main goal of bankruptcy is often to write off–“discharge”–your debts. Here’s how it works in Chapter 7 “straight bankruptcy.”
Bankruptcy is federal law. The U.S. Constitution has said so from the beginning. Find the Bankruptcy Code in Title 11 of the U.S. Code.
Bankruptcy empowers you with options, including “straight bankruptcy” vs. an “adjustment of debts,” and options about creditors in each.