Filing Chapter 7 bankruptcy can only occur after you have undergone credit counseling at an agency approved by the U.S. Bankruptcy Trustee. Once you have completed the credit counseling requirement, you can file the necessary paperwork to seek a discharge of debts pursuant to Chapter 7. Next, the U.S. Bankruptcy Trustee assigned to your bankruptcy case will determine whether you own any non-exempt assets that can be liquidated. If so, the proceeds of those liquidated assets will be applied toward your outstanding debts. Once any non-exempt assets are liquidated and applied toward priority debts, the case will proceed to a discharge of all eligible debts. However, before the final discharge can occur, you must attend another credit counseling session.