A Chapter 7 bankruptcy is the fresh start many individuals overwhelmed by debt are looking for. Chapter 7 Bankruptcy has many advantages. In most cases, filing bankruptcy puts an end to garnishments, lawsuits and creditor harassment. It also stops temporarily stops repossessions and foreclosures. Chapter 7 Bankruptcy is a practical solution for those overburdened by medical bills, credit cards and most other unsecured debt. Often, these debts are not the result of financial mismanagement, but due to events such as serious illness or divorce that are beyond your control.