Are you talking about bankruptcy?
Exempt property examples are homestead property, automobiles, household furnishings, jewelry up to a certain value, implements, professional tools, appliances, apparel, books, animals, musical instruments, unmatured life insurance, social security benefits, unemployment compensation, public assistance or veterans benefits, pension, profit sharing, IRAs, etc.
Non-exempt property examples typically includes valuable clothing (furs), electronic equipment, expensive car and most or part of equity in your home.
Here is a full list of exempt property from a reliable legal site:
http://www.nolo.com/definition.cfm/term/628BF3CA-0C35-4CEB-8B8BAA92502 16BF6
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