do you get out of all your debts if you file for bankruptcy 
bankruptcy can renegotiate or erase many types of unsecured debts such as those on credit cards or personal loans other debts cannot be discharged in bankruptcy the u s bankruptcy code lists 19 different categories of debts that cannot be discharged 11will i lose my car if i declare bankruptcy if you bought your car with a loan your vehicle may be seized as collateral during a bankruptcy proceeding however you can usually keep your car by reaffirming your car loan and continuing to make payments similarly you can usually keep your home if you declare bankruptcy even if you owe money on it as long as you continue making payments and don t have more equity than you are permitted under state and federal bankruptcy laws 