In principle, yes, but it depends on the equity in your home and how much of it you can exempt, as well as the non-exempt equity in all other assets and how much debt, income and expenses you have.
It depends on what type of bankruptcy your are filing, if the home is your primary residence and not an investment property, how much you owe, and if you are behind on your payments. It also depends on the state you are filing in.
Usually, your house, if it is a primary residence, many states will allow you to keep your house as an exemption.
Yes. Many personal assets are protected in a bankruptcy.
can a person file bankruptcy if the home is not under any mortgage?
Yes
Yes you can file bankruptcy. However the "rent to own home" is not owed by you and is still owned by the "landlord". You can continue with the "rent to own" or walk away. Bankruptcy is an entitlement to citizens for debt relief
yes
No
Of course
Yes he can file for Bankruptcy if he wants to depending on the situation of his property.
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
yes
Sure.
You need to start off by talking to your bankruptcy experts. They should be able to help.
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.