For most people, this is their number one concern. Filing a bankruptcy doesn’t necessarily mean you will lose your home. There are many factors in determining how a home is handled in a bankruptcy. In general, if your home has little or no equity and your mortgage payments are up to date, you can keep your home. Many bankruptcy filing Canada cases result in people keeping their homes. As with other assets, there are rules on what you can keep and these rules vary by province. For instance, in Ontario, if the equity available in your home does not exceed $10,783 and you have kept up with your mortgage payments you can keep your home when you file a bankruptcy. If your home exceeds the provincial exemption, you may still be able to keep your home. You would need to make payment arrangements with the trustee to repay the equity in your home. You may also want to consider filing a consumer proposal or selling your home depending on your household budget and the equity that is available. There are several options, but the best approach would be to speak to a Licensed Insolvency Trustee to determine what’s best for you.