Chapter 7, allows you to obtain a FRESH START by eliminating/ discharging all your personal debt.  This often includes medical bills, credit card debt, loans, check cashing debts, collection lawsuits, payroll and bank account garnishments, lawsuit judgments and a myriad of other financial obligations.
Individuals and couples are permitted by Mississippi and United States Bankruptcy law to remain in their homes and retain much or all of personal property (e.g.. cars, furniture and their household goods, qualified IRA’s, 401K retirement plans and pension etc.
Most debtors at the time of filing a Chapter 7 have experienced a crushing amount debt such as credit card debt and medical bills and expenses.  Overwhelmingly, these debts are discharged and permit the debtor a Fresh Start
It is important that all creditors you owe are listed in your bankruptcy (whether you intend to pay them or not.)  You may desire to retain a secured debt (house payments and automobile payment etc.) by voluntary reaffirming that debt: BUT, it is important to remain current with these types of monthly notes.
Secured debt is different from unsecured debt.  A Secured Debt is a financial obligation where the debtor has pledged as collateral to obtain the loan.  Examples of these types of loans include a home mortgage, automobile loan(s) and/ or loan company debts with items of household goods pledged as collateral or this lender loaned you money to purchase new items such as furniture, appliances, equipment or an electronic items.  In all cases, the debtor may abandon their interest and surrender the item; other exceptions may apply.  Unsecured debts have no collateral pledged to obtain the loan.  These include credit cards, medical bills, – checks in the mail and most pay day loan companies.   These unsecured debts and loans can be eliminated completely.
Certain debt cannot be discharged in a Chapter 7, such as alimony, child support, some federal taxes, state taxes, student loans, fraudulent debts, fines, debts incurred with the purpose of filing bankruptcy and certain debts incurred  prior to filing and certain debts to government entities

(Note: some exception may apply – each case is unique and different)