Within the bankruptcy proceeding, you may be able to either “redeem” or “reaffirm” certain debts that you owe to keep your house and car even after the bankruptcy.
A redemption requires you to pay in full in one lump sum the value of the property you intend to keep.
A reaffirmation is an agreement that allows you to “re-up” on the debt and continue making payments towards your house, car, or other property even after the bankruptcy. This “reaffirmation agreement” is negotiated inside your bankruptcy case and actually filed with the court.
If you file a Chapter 13 or Chapter 11 case you may be able to keep property on which there is a lien by making payments under the repayment Plan approved by the court.