Filing Chapter 7 Bankruptcy is intended to give you a fresh start without losing everything you own. Depending on the condition you are in, you will be allowed to keep hold of different types of property. However, the creditor isn't allowed to sell all of your stuff themselves; instead, the court appoints a trustee to go over and sell your items. After a relatively short process, you keep as much as possible to get a fresh start and move on with your life.
