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Will i lose my house if i go bankrupt

will i lose my house if i go bankrupt

Will I lose my house if I go Bankrupt? In a bankruptcy, assets in excess of your allowed personal exemptions are realizable by the trustee. You won’t necessarily lose your home in Chapter 7 bankruptcy—especially if you don’t have much home equity and the mortgage is current. But if you’re facing foreclosure or you have significant equity, filing for Chapter 13 bankruptcy might be the better karacto.xyz: Cara O'neill, Attorney. Jul 11,  · Most people that declare bankruptcy are able to keep their houses throughout the process, but some are not. There are three factors that determine whether you can keep your home in bankruptcy proceedings: The type of bankruptcy you file: There are two types of bankruptcies to choose from: chapter 7 and chapter

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