, a dog grooming business has failed?

Whether you will lose your assets depends on the following:   1.  What assets you have 2.  What their value is 3.  Which chapter you file 4.  What exemptions you have available under applicable laws in your case to protect the value in your assets. You need to have a consultation with a bankruptcy attorney in your area to get the answers to your question.  There's far too much missing information here to answer.