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Chapter 7 – A trustee is appointed to take over your property. Any property of value will be sold or turned into money to pay your creditors.Most individual debtors filing for bankruptcy relief are required to complete a version of Bankruptcy Form 122. BAPCPA established a fifth criteria under 11 USC 109 for Chapter 13 bankruptcies filed on or after October 17, 2005. Chapter 13 Plan-Motion To Value Collateral And Avoid Liens (For Cases Filed On Or After 10-17-05) Form. Complete this form for each of the NCP's open CSS cases every time a bankruptcy with assets is filed (or refilled after dismissal). Assets: Assets are every form of property that the debtor owns. Assets:Â Assets are every form of property that the debtor owns. This fact sheet explains how a bankruptcy petition filed before October 17,. Contact your attorney if you get behind on mortgage payments due after you have filed your bankruptcy case.