That depends upon your intentions. An auto loan and mortgage are secured debts. So if you would like to retain your motor vehicle and real property then you must continue satisfying your required payments. Should you not want to preserve your ownership, then you are not obligated to pay the lenders. However, failure to do so will likely result in a repossession of the vehicle and foreclosure on the real property. Nonetheless, if you successfully complete your Bankruptcy case, then the obligation due on those loans will be Discharged, and therefore those creditors will be unable to collect upon the remaining outstanding balances.
