I am thinking of filing for bankruptcy. Can creditors touch the equity I have in my home? What assets can they cease?
Depends on where you are as to what can be seized or not. Generally the equity in your home would not be an issue, since it has no value except as loan collateral. The home itself may be looked at, really depends how much you owe and to who. If you have equity, you may be advised to use it to pay off debts and avoid bankruptcy, or restructure debt. Any bankruptcy trustee will advise you free on what your options are.
