It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.
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
Yes, as long as you keep making the payments.
Yes. you can keep the home. Make sure to consult a bankruptcy attorney
sometimes but barley ever
yes in texas and south carolina
Yes he can file for Bankruptcy if he wants to depending on the situation of his property.
Many states have passed laws that protect the primary residence only. You need to consult with an attorney who specializes in bankruptcy.
Bankruptcy is filed in "Federal Court". It doesn't make any difference where your assets are. The only time you can hold out is if your assets are outside the U.S. and the bankruptcy court doesn't know about them.
If it is determined that you do not have an equity position in your home that exceeds the state statutory exemptions, you will be able to keep your home in a Chapter 7, as long as you continue to be current on your monthly mortgage payments
Generally speaking, filing for bankruptcy protection temporarily halts ALL collection actions for all creditors, including foreclosures.
It stays on your credit report for 10 years in every state. Bankruptcy is a federal procedure.