as you know that all the students use the credit card for payment of the tution here in US..and if they have all the debt the easiest way to get rid of it after the completion of the degree is to file the bankruptcy.. though we have enough earning after the income to pay them off.. the interest rate will go so high that if we earn too it's not goona be enough.. i just wanted to know ..If we file the bankruptcy is it true that after filing the case if we have the car and own the house they get confiscated by the bank or the personal we owe them money... what are the consiquences.. HELP.. PROVIDE INFORMATION....