Yes, it is possible to save your home in bankruptcy, depending on the type of bankruptcy you file and your specific financial situation. If you are facing foreclosure and are behind on mortgage payments, filing for Chapter 13 bankruptcy can allow you to catch up on those payments over the course of a 3 to 5 year repayment plan. During this time, the automatic stay will also stop the mortgage company from foreclosing on your home.
In some cases, filing for Chapter 7 bankruptcy may also allow you to keep your home if you are able to maintain payments on your mortgage while you go through the bankruptcy process.
It’s important to keep in mind that every situation is different and the best way to determine if you can save your home in bankruptcy is to consult with a bankruptcy attorney. The attorney can review your specific financial situation and help you determine the best course of action to protect your home and other assets.