Do you know how the bankruptcy process works, and what you could lose? What exactly is the most important asset that can be taken from you?

Do you know how the bankruptcy process works, and what you could lose? What exactly is the most important asset that can be taken from you?
Investors in failed schemes from Great Southern and Gunns have found their investments worthless and loans still payable. How do you move forward from this?
While we like to think we are clued up with our finances, many individuals still fall prey to investment scams.