Under Chapter 7, depending on your financial situation, there is always a risk that you will be unable to keep your home, car, or other valuable assets.
However, in most of our Chapter 7 cases we are able to make arrangements with your secured creditors to reaffirm the debt on your home and cars so that you can retain them.
That said, exemptions exist that allow clients to retain their personal property. Most clients are generally able to keep their house and car, too.