Liens survive bankruptcy, which means if you have a lien on your home, a first mortgage for example, it will stay on your home, and keep the house as long as you continue to make the payments. Same thing goes for a car. The lien that's on your car will survive the bankruptcy, and you keep the car, as long as you continue to make the payments. There are instances though where you can remove a lien. The most common one is a second mortgage on your house. If your home is worth less than what you owe on the first mortgage, you can strip off that second mortgage lien, and it will not survive the bankruptcy.