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A successful bankruptcy case can legally eliminate most unsecured debts, such as credit cards, medical bills, and personal loans, through a court-ordered discharge. This means you will no longer be legally obligated to pay these debts, which can provide significant financial relief. 

However, certain debts, like most student loans, alimony, child support, and many taxes, are typically not dischargeable, and you will continue to owe them. Your Whittier attorney could help you understand your legal and financial obligations both during and after bankruptcy. 

It is important to note that a bankruptcy filing can cause a significant drop in your credit score, with a Chapter 7 remaining on your credit report for up to 10 years and a Chapter 13 for up to seven years. While the long-term negative impact is undeniable, rebuilding credit is possible by consistently paying bills on time and using tools like secured credit cards. 

Not only does the damage to your credit score lessen over time, but it is often possible to get credit, though potentially at a higher interest rate, even relatively soon after discharge.