For many people, the biggest deterrent from seeking Chapter 7 bankruptcy relief is the potential to lose all of their assets. Often, the foremost concern is whether you can retain your primary residence during a Chapter 7 bankruptcy. Unlike Chapter 13, which includes a court-structured repayment plan for your accumulated debts, Chapter 7 involves only discharge of debts, not their repayment. That means that the courts may order you to liquidate some of your assets in order to pay back what you can prior to discharging your debt. In some cases, part of your home equity could be at risk.