It’s tough to begin rebuilding your life after a recent bankruptcy case. After filing, you and your court-appointed bankruptcy trustee meet with your creditors to let them know about the bankruptcy. This is when any non-exempt assets (such as new or expensive cars, valuable collections, or musical instruments not needed for work) may be liquidated, depending on the chapter of bankruptcy you filed. You may retain items such as clothing, household goods, and a car up to a specific value.