Secured Loans
what happens to your mortgage and secured loans if you go bankrupt?
It depends on several things. If you file chapter 13 (wage earner) you keep them and they are included in your payment plan.
If you file chapter 7 (liquidation) you can lose them or you can reaffirm on the notes and continue to pay. The exception to this would be if you lived in a State that has homestead exemption. If you do, they can not take your primary residence.
If you reaffirm, be sure to contact the lenders and request that they continue to report. This will help you re-establish your credit after your bankruptcy is discharged.