Going bankrupt: will you keep your house?

Homeowners going bankrupt dread that they'll lose their house. For many of them their worst fears are realised and they do lose their properties; however others keep theirs. How is this decided?

I've recommended property owners go bankrupt many times over the years. The first question they ask, almost without fail, is "Will I lose my house?"%VIRTUAL-SkimlinksPromo%