Answer:
The answer is: She should file for Chapter 7 Bankruptcy; The discharge of debts
Explanation:
Under Chapter 7, you must first prove that your income is insufficient to allow you to pay at least a portion of your debts. There is a mathematical form for making the calculation. If you have enough income, you will need to file under Chapter 13 instead.
Under Chapter 7 you either pay your debts or give up your property for secured debts. You surrender any nonexempt property (e.g. a second house not used as primary residency, investments, artwork, jewelry, etc.) in order to pay off as much of your debt as possible.
You are able to keep all your exempt property and you are no longer in obligation to repay the remaining debt.
