In Chapter 7 cases, you will have to file a petition appealing to the court for discharging your debts. The main idea is to discharge or eliminate your debts in return for giving up your assets that may include properties except those assets that are considered as `exempt’ property which you may be allowed to keep legally (see bankruptcy – Texas exemptions). In a majority of cases, your entire property may be exempt but if it is not, it can be sold and the money will be distributed to your creditors. If you want to retain your property or your car and have fallen behind on your payments on a car loan or a home mortgage, a case of Chapter 7 may not be the proper choice because it will not waive the right of the mortgage holders or the creditors of car loans to seize your property or your car in order to cover the full debt (see Texas Chapter 7 Bankruptcy).