I recently qualified for a loan through Citifinancial. When I was signing all the papers for the loan they had me make up a list of possessions that would be worth about what the loan was for (i.e. $10,000). I did as they required, but honestly the furnishings I listed aren't any where near the full value of the loan if sold today as they're used and a in a garage sale wouldn't go for much. My question is if I declare bankruptcy in Alberta, what will happen? Will they take the items? What if my TV was listed but broke and now I have a new TV?