In a Chapter 7 Bankruptcy Case, all of a Debtor's non-exempt property becomes property of the bankruptcy estate and is sold by the bankruptcy trustee. In a Chapter 13 Bankruptcy Case, Debtors retain all of their assets.
Nothing is sold.
Under Federal and State exemption laws, certain assets are protected from collection by Creditors and from the Bankruptcy Trustee assigned to each Chapter 7 case. This means that even if you file Chapter 7 bankruptcy, you are permitted to keep the assets described in the applicable statutes. It also means that even if a Creditor files suit and obtains a judgment against you, the Creditor cannot take any of your exempt assets. The Utah exemption laws are set forth in the Utah Code at Section 78-23.1. The Homestead laws in the State of Utah are presently very favorable to Debtors.