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bankruptcy keeping your house and car the bankruptcy process is very challenging one of the biggest questions that people face when considering filing for bankruptcy is whether or not they will be able to keep their house or car as a result of the bankruptcy filing surprisingly for most people the answer is yes as with many legal problems there are rules that need to be followed but in 95 percent of the cases most people who file bankruptcy can keep both their house and car after filing bankruptcy bankruptcy concepts in order to explain how this works we have to talk about a few bankruptcy concepts consumer bankruptcy for most people there are two kinds of bankruptcy chapter 7 bankruptcy and chapter 13 bankruptcy chapter 7 bankruptcy is the classic kind of bankruptcy where you file a case and all the debts that you owe are discharged leading to a fresh financial start chapter 13 bankruptcy is a repayment plan people file a chapter 13 bankruptcy to protect an asset such as a house or ca