Thinking about bankruptcy but worried about your home equity line of credit (HELOC)? Filing can pause collections, but it doesn’t erase your balance — and foreclosure is still a risk if you stop ...

Discover the rules and steps involved in buying a house during Chapter 13 bankruptcy, including obtaining court approval and demonstrating financial stability.

In a Chapter 7 bankruptcy, creditors can seize certain assets to repay the debts you owe. However, exceptions allow debtors to retain some of their assets (or at least part of the asset’s value).

It sounds scary—the idea of your HOA declaring bankruptcy, but if homeowners stay vigilant—there's no reason they should lose their homes.