Certain property and assets are exempt. For instance, homesteader’s protection can allow you to keep your property as long as your equity in it does not exceed a certain dollar amount. Vehicles can also be eligible for exemption, along with some personal property such as household furniture, appliances, clothing, musical instruments, pets, books, computers, and some jewelry. In many of those cases, there is a dollar limit to those exemptions. Life insurance policies, retirement, and lawsuit settlements can also be protected. Chapter 7 carries more potential for losing assets than Chapter 13, which generally leaves most of your belongings untouched by creditors. To know the specifics, contact one of our attorneys today. They can assess your property and tell you exactly what possessions are off-limits to creditors.