Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - What happens to your home if your file bancrutcy? - If my husband and I file bankruptcy and we live in a mobile home does the bank just take it over and we move out or do we still have to sell it? I know it sounds stupid but I Need to get out of this marriage and it is hard to sell a mobile home. We also owe more on it than it is worth. I don't mind losing it really. I will be happy in a 1 bedroom apartment. -