What property might I lose in Chapter 7 bankruptcy?

What property you can lose and keep in a Chapter 7 bankrutpcy case depends on your state's law and the types of exemptions, like wild card exemptions, available in your jurisdiction.

Subject to these exceptions, you could lose the following items of property:

1. your second residence;
2. recreational vehicles;
3. your second car;
4. stamp, coin and other collections and heirlooms;
5. stocks and bond certificates;
6. cash on hand (unless it comes from unemployment insurance);
7. deposits of money (e.g., bank accounts, CDs, escrow accounts, money market accounts);
8. property that you own but don�t have in your physical possession (e.g., security deposits);
9. money you have a present right to receive at some future date (e.g., tax refunds, vacation pay, wages);
10. your part of a marital estate;
11. any inheritance, marital property settlement, or life insurance payment (to the extent not exempt) that you receive within 180 days after filing. 

Depending on the wild card exemption rules in your jurisdiction and your situation, you may be able to save much of your non-exempt property through the wild card exemption. Consult with an attorney in your state to see what options are available.