Can I keep my property if I file for Chapter 13 bankruptcy?

Yes, you can keep your property if you file for Chapter 13 bankruptcy in North Carolina. Unlike Chapter 7 bankruptcy, which involves liquidating assets, Chapter 13 bankruptcy allows individuals to create a repayment plan to pay off their debts over a period of 3 to 5 years. This means that you can retain ownership of your property while making regular payments towards your debts. However, it is important to note that you must continue to make timely mortgage and loan payments during the bankruptcy process to maintain possession of your property. Additionally, you should consult with a bankruptcy attorney to ensure that your specific situation qualifies for Chapter 13 bankruptcy and to better understand the implications it may have on your property.