While millions of Americans have found debt relief by filing for bankruptcy, there are still a number of different concerns one may have before filing. Among these lists of concerns, a fear of losing a home during the bankruptcy process is one of the biggest worries for many.
Like many things with bankruptcy though, what will happen to a home really all depends on a person's individual circumstances. While some may be able to hold on to their home, others may end up having to give up their home. Still, others will weigh the pros and cons of having a mortgage and decide that it actually makes the most sense to walk away from having to keep up with monthly mortgage payments.