Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Do you still owe money after a bankruptcy? I am considering that option, I want to know the procedures.? - i have been thru bk. you do not owe most debts after a chapter 7 bk. but student loans cannot be included. everything else included is discharged and gone. unless you re-affirm something. like, i re-affirmed my car since that was current. i still owe and pay for that.