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Chapter 7: If you qualify to file Chapter 7 all of your dischargeable unsecured debt will be wiped away entirely and you can usually stop making payments as soon as you file. Dischargeable debt includes credit cards, signature loans, older taxes and medical expenses. Examples of non-dischargeable debt include student loans, child support and taxes that were assessed within 3 years. If your household income falls below the state median, you may qualify for Chapter 7. Click above to see Utah's median income. Chapter 7 is best if you do not own a significant amount of property or your only valuable property is exempt from bankruptcy. If you have less than $20,000 in home equity and/or less than $2,500 equity in your cars ($40,000 & $5,000 for couples) you can usually keep these pieces of property and just continue your payments. Call or email to learn how. Courthouse How does bankruptcy work? Chapter 13: If you earn more than the state median income or you have nonexempt property you need to keep, you can file Chapter 13 and enter into a payment plan. Your payments will be made to the US Trustee for a period of 3 or 5 years. In most cases, you will ultimately pay less than 15% of your unsecured debt during the plan, after which the remainder is discharged. In Chapter 13 we can save you money on your home and car loans too.