What Happens to Home Equity in Chapter 7 Bankruptcy? Whether property can be kept depends on ownership, fair market value, liens, Ohio exemptions, payment status, chapter choice, and trustee analysis. Equity must be calculated before filing, not estimated from a tax value alone. Bankruptcy affects property, contracts, lawsuits, credit reporting, taxes, secured debts, and future financial choices. A filing is made under oath, so the strategy must be built from complete records rather than estimates or selective disclosure. This guide explains the general Ohio framework in plain language and identifies the records and decisions that usually matter most. In this guide A clear answer to What Happens to Home Equity…