Generally, you may file a bankruptcy and retain all of your personal belongings, including your house, your car and all household goods. Our goal at the Law Offices of W. Trent Steele is to make sure that all of your personal belongings are protected. If you owe more on your car than the car is worth, the bankruptcy court will not sell your car, because after sale there would be no money left over to make a distribution to your creditors. The same goes for your home and personal property. Even if your property is worth more than what is owed on it, usually we can use Florida’s bankruptcy exemptions to protect these items.