Most people file a chapter 7 bankruptcy. In a chapter 7 bankruptcy the trustee may claim some of your stuff.
There are two sets of exemption we can use in "state" and "federal".
The "state exemptions" protect (generally) $450,000 of equity in your home; $5000 of equity in one car; $11,250 of household goods; $3,062.50 in wedding rings exchanged at the ceremony; tools of trade of $12,500 ($13,000 for farmers); three-fourths of wages due but not paid; Social Security benefits; and (in a bankruptcy context) $1,512,350 of 401(k) or IRA accounts. There are some other exemptions that aren't as common. The homestead exemption is single or joint; the others are per person.