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Will I lose my work tools if I file for chapter 7 bankruptcy?

I am an auto mechanic and I need to file for chapter 7 bankruptcy. Will I lose my work tools if I file?

You're required to list all assets when you file for bankruptcy. You take an oath with the court saying you're telling the truth. If you don't have a paper trail that follows the tools (such as purchasing with some sort of loan) than hide them in a friend's garage and don't list them as assets, that is at least what I would do. If the court knows you have them as an asset you may be required to liquidate them. Talk to a lawyer.

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