Chapter seven bankruptcy code is a way of saying that chapter 7 of the title 11 of the United States bankruptcy code. Chapter 7 is a form of bankruptcy in which the debtor's non-exempt assets if there are any, are liquidated and any proceeds go to the creditors. Beyond that, there are items which the debtor is able to keep through chapter 7 bankruptcy code. In most cases, in fact, there are no non-exempt items to be sold so the entire process is very quick. After the case has been discharged, they debtor is normally free of debt with the exception of student loans, alimony, child support and back taxes. Chapter 7 is most often used by individuals but it can also be used by businesses and corporations. Property and items that are exempt may vary from state to state which is why finding a good, local bankruptcy attorney is the first step when considering bankruptcy. They will either have or be familiar with all of the forms that need to be completed before bankruptcy can be filed. Before filing, the debtor must also attend an approved credit counseling course no more than 6 months prior. Chapter 7 is one of the most common bankruptcy types chosen.