Under Chapter 7 of the U.S. bankruptcy code,

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Under Chapter 7 of the U.S. bankruptcy code, certain assets receive protection, such as a homestead exemption, which allows individuals to keep their primary residence up to a certain value. However, not all debts are forgiven, and alimony and child support debts as well as debts arising from driving while intoxicated are not released under Chapter 7. Certain debts arising from educational loans may also not be forgiven under Chapter 7, unless the individual can prove undue hardship.

Under Chapter 7 of the U.S. Bankruptcy Code