What personal property needs to be reported as an asset in a bankruptcy?

All personal, and real, property must be listed on the bankruptcy schedules and valued.  An intentional failure to list an asset is grounds for denial of your discharge and, in egregious cases, criminal prosecution. Your attorney will guide you as to how much detail is necessary for each type of property (for example, you don't need to list each item of clothing you own; a category for "clothing" alone would be sufficient). Mark Markus has been practicing exclusively bankruptcy law in California since 1991.  He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization,  AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.