Absolutely not!  The laws are designed to allow you – the debtor – to keep those things that everyone should have in order to continue being a productive member of society. Things like clothing, household goods and furniture, even vehicles with equity up to $6,000.00 and a home with equity of up to $150,000.  On the other hand, there are certain assets that are not protected and can/will be liquidated for the benefit of your creditors.  Going through an asset analysis with an attorney will allow you to go into the case knowing what you may “lose” and how the process would work.

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