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A Chapter 7 discharge releases a debtor from financial obligations to specified creditors and is a court order which prevents further actions by creditors to attempt to collect on debts. Not all types of debts are dischargeable, but once debts are discharged a debtor is absolved of all responsibility to repay the debt.
No. In general, creditors will receive a fraction of what they are owed through the payment plan. The payment plan does require that an individual uses all of their disposable income to repay debts over a three to five year period, but once all plan payments are made, debts are discharged regardless of whether or not each debt is paid in full.