Can You Lose Your Home in a Bankruptcy?

Answer Bankruptcy is a way for those deeply in debt to stabilize their finances. There are two different types of bankruptcy -- Chapter 7 and Chapter 13. Both allow you to keep your home, but there are co... Read More »

Top Q&A For: Can You Lose Your Home in a Bankruptcy

Can you lose your car in bankruptcy?

Whether or not you lose your car depends on the type of bankruptcy, the car and your individual circumstances. If the car still has some value and you own it outright, you may need to sell it to co... Read More »

Can you lose your 401(k) by filing bankruptcy?

In most cases, filing for bankruptcy does not result in losing contributions or earnings that are held in a 401(k) plan. This type of asset is protected by the Employee Retirement Income Security A... Read More »

Can you lose your property if you file bankruptcy?

According to the Federal Trade Commission, consumers who file Chapter 13 bankruptcies can keep their personal property. Consumers who file Chapter 7 bankruptcy, however, may lose any property that ... Read More »

Can you file bankruptcy on your second mortgage and keep your home?

You can file for Chapter 13 bankruptcy to eliminate your second mortgage if this debt is not secured by your home's market value. You will be able to remain in your home by paying first mortgage pa... Read More »