Rights:
✓ The debtor retains certain assets that are exempt from the bankruptcy estate's seizure right, including essential household items.
✓ The debtor can continue to work and receive usual salary and pension income for living expenses.
✓ The debtor has the right to be assisted by a lawyer during the proceedings.
Some types of assets, such as intellectual property rights and certain insurance contracts, are not seized by the estate.
Obligations:
✓ The debtor must provide accurate financial information to the district court, administrator, and trustee.
✓ Cooperation with the trustee in mapping the estate's assets is required.
✓ The debtor must immediately contact the trustee after bankruptcy and provide access to assets.
✓ Evading funds from the bankruptcy estate carries criminal liability.