Denude is a verb that means to strip of possessions.

The Latin word nudus (NEW doos) means ‘naked’ or ‘nude.’ To denude something or someone is to strip them — but not necessarily of clothes. The word is frequently used to describe the process of stripping someone of property or possessions.

For example: When I went bankrupt, I lost everything. It’s horrific that they could denude me of my home and all my possessions overnight.