Awasome Chapter 7 Bankruptcy And Home Equity 2022. In chapter 7 cases, you may keep your house without having to pay any money if there is no nonexempt. In a chapter 7 bankruptcy, the liquidation of property to repay creditors is.

For many people considering bankruptcy, protecting their home and a few other crucial assets will be the biggest focus. A chapter 7, 11 or 12 bankruptcy is reportable for ten years and a chapter 13 bankruptcy is reportable for seven years from the date of filing in bankruptcy court. In chapter 7 cases, you may keep your house without having to pay any money if there is no nonexempt.