I guess the best way
to find out is making a search on google, this way you can find specific points about your own situation.
Good Luck with your search!!
There are two main types 1) liquidation, where all non-exempt assets are sold with the proceeds going to creditors, and 2) reorganization - when a plan is put together to partially or fully repay the debt over time. Creditors typically vote on the plan that the debtor proposes, and that determines whether the plan is approved.
The main type of bankruptcy for individuals is a chapter 7, which is liquidation. If you are discharged, all unsecured debts are typically eliminated and you will have no future legal obligation to pay them.
If you want to understand your options, you should consult with a Bankruptcy attorney in your state to see if you qualify.