Three types of assets are part of a bankruptcy estate. This way you can figure out which of your assets are liquidated under Chapter 7:
Personal belongings or material things include clothing, furniture, artwork, and automobiles.
Real estate or real property is land and improvements or buildings attached to land, such as a house or barn.
Intangible assets, as their name implies, include property that isn’t physically tangible, yet has worth. Child support, alimony, and retirement funds are examples of intangible assets.