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Will I lose my home if I file bankruptcy in California?

Whether you can keep your home depends, in part, on which “chapter” you choose to file. You have control over whether you keep your home in bankruptcy. You just need to file the type of bankruptcy that allows you to keep your home. The two most commonly used types of bankruptcy are Chapter 7 and Chapter 13. Chapter 13 is a debt re-payment plan based on your ability to pay. A chapter 7 simply wipes out unsecured debt and has no associated payment plan. A trustee is appointed to your case whether you choose a Chapter 7 or a Chapter 13. In a Chapter 7, the trustee is in charge of evaluating your assets and selling those that the law allows him to sell. If he sells anything, the proceeds

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