That is ridiculous. No. Your case will be thrown out for fraud.
yes
No
Yes
Yes he can file for Bankruptcy if he wants to depending on the situation of his property.
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
yes
Sure.
You need to start off by talking to your bankruptcy experts. They should be able to help.
It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.
Generally you have to list your home as an asset. But there are different kinds of bankruptcy, and if things work out, your home ownership could be protected. See a bankruptcy lawyer!!
Yes you can file bankruptcy. However the "rent to own home" is not owed by you and is still owned by the "landlord". You can continue with the "rent to own" or walk away. Bankruptcy is an entitlement to citizens for debt relief
Absolutely. Happens all the time.