You should consult with a knolwledgeable practitioner before making the decision to file for bankruptcy because there are long term consequences, but yes, the process will discharge those debts in your name. Good luck.
The author of this post is licensed to practice law in the District of Columbia, Maryland, and Virginia. This post is intended as general information only, and is not provided as legal advice in connection with any specific case, and does not create an attorney-client relationship.
You need to consult a knowledgeable bankruptcy practitioner in your area regarding whether the debts you have are dischargeable. Generally, yes, debts in your name (whether personal or business) are dischargeable. But some contracts have terms that keep contract liabilities going even though one of the parties files for bankruptcy. Whether terms like that are in the contracts you signed, I can't say. That's why you need to work with a lawyer near you. Best of luck.