I think my wife and I have decided to file chapter 7. We're just not digging out of our debt and it's stressing the whole family out. What we owe each month is more that we make. We don't own a home anymore. We have two cars that are 8 and 9 yrs old and both are barely hanging on. Old TVs, a couple of laptops my kids use for school, and my son's Xbox 360. I don't want to debate whether it's the right thing to do or whatever. I just wondered if anyone her knows more about it than the little I have learned through online research. Part of what I was reading was this: Items you must typically give up (nonexempt property) include: * expensive musical instruments (unless you're a professional musician) * stamp, coin, and other collections * family heirlooms * cash, bank accounts, stocks, bonds, and other investments * a second car or truck, and * a second or vacation home. My guitars are certainly not expensive. I have a CV 50s Tele, an Epiphone G400, a Martin D-1 (which is probably worth about half of the $675 I paid after my son knocked over a heavy candlestick and cracked/dented the top), A Roland Micro Cube, and a Vox VT30. Am I correct in thinking they are not worth enough for the court to take and sell? Anything else I should know about? Even typing this is stressing me out. I hate money!