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Under Chapter 7 bankruptcy law, this type of discharge of debts can totally eliminate and wipe clean the slate of any debtor. It is the most popular form of bankruptcy because it allows a fresh start. Discharge of all debt usually takes between 4-6 months from the date of filing. Items that are not dischargable, however, are things such as child support and alimony, student loans not older than three years, tax obligations not older than three years, recently made purchases of a substantial nature and property executed contracts for property and liens.