Hey guys, I’m thinking about filing for bankruptcy, but I’m wondering if they can make me sell my home. Me and my partner have a joint mortgage—will that make a difference? Anyone been through this or have any idea what to expect? 
It honestly depends on the equity you have in your home. If there’s not much equity or if you’re in negative equity, they probably won’t take it. But if there’s a lot of positive equity, they might look into it. 
@Oakley
I had no idea about equity affecting it. What’s ‘negative equity’? 
Quinn said:
@Oakley
I had no idea about equity affecting it. What’s ‘negative equity’?
Negative equity is when you owe more on the house than it’s worth. So if the house value drops or you have a lot of debt on it, they won’t be able to sell it for enough to cover everything. Does that make sense?
I’d say it really comes down to your whole financial situation. If you owe a lot to creditors, the Official Receiver might look at all your assets. 
NelsonCarter said:
I’d say it really comes down to your whole financial situation. If you owe a lot to creditors, the Official Receiver might look at all your assets.
Official Receiver? What’s that? I’ve never heard of them.
@Hadley
The Official Receiver (OR) is someone assigned by the court to handle the bankruptcy process. They’ll decide what happens to your stuff, like whether they take your house or not.
If you don’t have any other assets, the OR might focus more on the house. But honestly, if the equity isn’t too high, you might be safe. 
Yeah, definitely talk to the OR. They can give you a clearer idea based on your situation. If you’re worried about losing your house, it’s better to ask them directly. 