@Anonymous wrote:I would want to keep the vehicle for sure as it's my only form of transportation currently. I understand the need to speak to a lawyer and the obvious credit hit I am going to take. I was more so worried about what "assets" I could potentially lose due to this I guess is my question. Is everything I own subject to be taken? (TV couch ect?) Really new to this so I just want to make sure I have touched all my bases before going too deep.
It really depends on your state. In most states, you can either claim the Federal exemptions or the State exemptions in a BK7. For example, in Wisconsin, you get a $12,000 personal property exemption, which covers most people's household furnishings, unless you have a valuable collection of Jewelry or Beanie Babies or something of the sort. You ALSO have a motor vehicle exemption of $4,000 that you can apply towards whatever equity you have in your car. You can also add the unused portion of the personal property examption to your car if you need to.
As I said, each state is VERY different. You'll want to research the exemptions available for your own state and, as you already know, consult an actual BK attorney. Most offer a free initial consultation.
Hi there! I'm in a similar position as you and filed Chapter 7 three days ago. I see you're concerned about your car. Whether or not your trustee will try to take it depends on its worth (and how much you owe on it), are your payments current? What do you plan to do with the car?, And most importantly...what state you live in and what their exemption amounts are. Happy to hear you spoke to a bankruptcy attorney! They are best fit to answer these types of questions. I live in Ohio and am able to keep my home, car, and all electronics and furniture because they fall within my state's exemptions. Nolo.com is an excellent resource for bankruptcy stuff, but please ask your attorney! Best of luck to you! Keep us updated! 
@Anonymous wrote:Long story short from a combination of debt left over from a failed relationship and some poor financial decisions on my part I believe bankruptcy to be my only option. At the moment I have a little over 30-40k in unseccured debt totaling a little over 2200/month. Montly I make a little over 1700.00. Recently I have been making ends meet picking up extra work but this often leaves me working 70+ hours a week and for the past 1.5 years I really havn't been able to drop more than 5k of the debt at the most. My biggest question here is with filing chapter 7 what do I stand to lose? I have a car that is financed with Chase Bank that I would like to exclude from the filing but I do not really have any assets apart from the normal electronics (TV Xbox ect) and some furniture. I understand this is not a set in stone deal per say but what would a trustee try to take if anything? At this point I am worried about losing the little amount of things I have.