Generally speaking, 98% or more of our clients get to keep all of their assets. The reason for this is that every Debtor gets to keep/protect a certain amount of assets/stuff from the Chapter 7 Trustee and creditors.  Protected assets are called “exempt” assets.  Simply, very few people have “too much stuff”, i.e., all their assets are “exempt” and protected. Assets that can be protected/exempted under federal bankruptcy law can be found in 11 USC § 522. Assets that can be protected/exempted under Washington state law can be found, in part, under RCW 6.15.010.  Note: If you have a financed house or car that you want to keep, you will, of course, have to keep making the payments.