It depends on what kind of property you own. The following property is not assigned to your trustee: property that is exempt from transfer by federal and provincial laws property that is security for loans (unencumbered property), such as a house secured by a mortgage Make sure that you disclose all of your property and its value to your trustee. Once you have filed for bankruptcy, you cannot dispose of (sell or give away) any assets assigned to the trustee Last Reviewed: October 2020