If you want to keep your house, any attorney in Denver will tell you that are more at risk of losing your home and vehicle if you do not file for bankruptcy. Creditors can sue you, garnish your wages, levy your bank accounts, and seize your property in order to collect payment. In a bankruptcy there are certain exemptions that protect most if not all of your personal property. An attorney will be able to help walk you through what is exempt and what is not.  If you owe more on your home and vehicle than they are worth the trustee will not take them since selling them at auction will not generate any money to be distributed to your creditors. Even if the property is worth more than you owe the state bankruptcy exemptions will usually protect this property. Be sure to remain current on all payments for property you want to retain.