... takenaway from you if you don’t pay the bill. Forinstance, if you don’t make your housepayment, the creditor (or bank) you owecan repossess your house.“87 Things You Need to Know Before You File Bankruptcy”Page ... BankruptcyCourt to protect the assets you own that youneed to keep in order to live a normal life. Forinstance, you need a house to live in, a car todrive, transportation to maintain the car,clothes to wear, ... BANKRUPTCY7.Creditor — This is the person orcompany you owe money to because theyextended credit to you. 8. Debtor — This is YOU. You owedebts, so you are a debtor.9. Secured Debt — This is a debtyou owe...