I know of the procedural term, but still to educate myself also, I researched it some.
http://www.legal-forms-kit.com/freel...ruptcy/18.html
Section 727, below, as cited in link above:
http://www4.law.cornell.edu/uscode/s...7----000-.html
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http://www.ohio-bankruptcy-laws.com/...tcy-law-06.htm
Section 523 as cited in above link:
http://www4.law.cornell.edu/uscode/s...3----000-.html
Understand, I am NOT saying your Petition will be subject to any objection, etc. I am just stating with BIG money involved a creditor may require a very detailed history of expenditures.
A creditor is unlikely, especially under the new code as Betty pointed out, to just let 40,000 slip out of thier hands without making you legally earn it?
Please consult an attorney. Simply filling out forms provided and filing a Petition is not the end of it, debts discharged, no legal maneuvering.
Even I would not file a Pro Se Bankruptcy Petition for that much debt. I am not claiming to be a legal guru, by any stretch.... but this is too risky a legal move to accomplish by self representation.
Good luck.

