[the1pato]

That's true, but you can also lose your house for completely unrelated debts in the UK (i.e., you could pay your mortgage but if you have a different, unrelated loan that you default on then that creditor could have a court sign off on seizing your house).

[bleepblorp]

This how debt law works pretty much everywhere. Creditors have the right to seize virtually any assets to cover their outstanding loans.

[kube-system]

This is one area where the US has really good protections. Even most people that file Chapter 7 (liquidation bankruptcy) in the US don't lose any assets. Courts will generally only liquidate investment accounts, vacation homes, high-dollar collectibles, etc. They won't take your primary home, car, typical personal possessions, etc.