If the value of the assets greatly exceed the allowable exemptions, then yes they can be seized.
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.
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.
In principle, yes, but it depends on the equity in your home and how much of it you can exempt, as well as the non-exempt equity in all other assets and how much debt, income and expenses you have.
yes
No
Yes
Most banks won't seize your home after bankruptcy. One of the key purposes of bankruptcy is to preserve the living assets and provide the individual with another chance (albeit with a lot less credit flexibility). Note: I am NOT a certified financial planner (CFP) and am NOT licensed to provide financial advice. [opinion] If you are in a situation where foreclosure is on the horizon and you have tried to negotiate with creditors to no avail, you will want to consider bankruptcy in order to hold onto your home. While the debt associated with your mortgage may not be forgiven as a result of the bankruptcy, you WILL force a renegotiation and you WILL keep your home.
Yes he can file for Bankruptcy if he wants to depending on the situation of his property.
Sure.
yes
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.