First off, in a Chapter 13 Reorganization bankruptcy, you do not lose any property unless you choose to sell property to pay off some debt, or if you choose to give it back to the debtor. In Chapter 7 bankruptcy, you can generally protect up to $17,425 in home equity, the cash value of your insurance policies, retirement plan pensions, and most personal property (such as furniture, clothing, and other household goods). You can also keep any public benefits you receive, at least 75 percent of your unpaid wages, and any tools you need to do your job. Most often, you can also keep your vehicle. Anything else can be sold to pay off your debt.