 TITLE: Can I File for Bankruptcy With $35k in Credit Card Debt? CONTENT: How Does Bankruptcy Work?\n-------------------------\nThere are two types of bankruptcies for consumers: Chapter 7 and Chapter 13. Under Chapter 7 bankruptcy, the court typically requires that you sell off some of your assets and pay off what debt you can, with the remainder discharged.\nChapter 13 bankruptcy, in contrast, allows you to keep your property but requires you to repay all or a portion of your debt over a three- or five-year period. Once you've completed the repayment plan, any remaining balances included in the bankruptcy are discharged.\nWith both types of bankruptcy, most forms of unsecured debt can be discharged, including credit card debt. Others types of dischargeable debt include medical bills, utility bills, judgments, certain tax debts and more. In most cases, though, you won't be able to discharge a mortgage loan, student loans, child support and alimony, among others.\nBankruptcy is a last-resort option, and it's important to consider other options and pay off your credit card debt in other ways first. END