Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Can someone keep work equipment in a chapter 7 bankruptcy in the state of New York? - There is a utility trailer and some lawn equipment that is needed to keep the business going, would that be liquidated in chapter 7 or is work equipment safe? Chapter 13 plan is no longer feasible and there is consideration to convert to 7 but the work equipment must be preserved. Please let me know specific to New York State, because NY is always different .