3. Protect most of your household possessions

The state and federal exemptions that block what a bankruptcy trustee can seize during a bankruptcy proceeding typically cover all household goods and tools of a trade. Even if you have valuable jewelry or electronics, they often are not seized because of their age and condition. In fact, in 90 percent of all Chapter 7 cases, no property is seized at all.

Brooklyn Bankruptcy Advice
Queens Bankruptcy Advice