Filing for bankruptcy serves two independent purposes. It allows the creditors to get the money that they require, and it is also a way for the person who is filing bankruptcy to get on with their lives and to get a new start. Because of the fact that bankruptcy is meant to have a new start, it means that there is going to be certain exempt property, which are the things that you need to actually have this new start. Because you're supposed to be starting again, there are certain things that will be exempt from bankruptcy.