Anything you possess that has financial value is an asset. While people often think of houses and cars as assets, your assets could include investments, collectible items, funds in bank accounts, and digital assets, such as cryptocurrencies. At-fault parties liable for car accidents could have some assets seized to pay their judgment. While your homestead may be exempt, creditors can repossess your vehicle or other assets and sell these assets to pay your debts. Creditors can also place a lien against your assets, preventing you from selling them until your debt is resolved.