Can I keep my home if I file for bankruptcy?
Yes, you may be able to keep your home if you file for bankruptcy. In bankruptcy, your equity in a home may be protected by what’s known as a homestead exemption. As part of a bankruptcy proceeding, you’ll need to understand what your home is worth, how much equity you hold, and the specific bankruptcy rules you’re working with. You may also consider a home loan modification as a way to keep your home.