This is generally referred to as a liquidation bankruptcy or personal bankruptcy. This is the kind of bankruptcy most people are referring to when they use the term “bankruptcy.” In this situation, you must pass the Means Test, and then the process can begin. The Means Test is basically a filter for all bankruptcy cases to make sure that individuals qualify to file for this particular kind of bankruptcy. If you are determined to pass the Means Test, we will then proceed with the filing of your bankruptcy, whereby your assets can be liquidated to pay your debts equally among your creditors. Your debts will then be paid, or discharged*.We will walk you through the process, so you won't get discouraged or confused by the paperwork or proceedings, once we've determined that this is the best way to relieve your debts.