Car exemption

[moneyproblems]

My husband and I are considering filing bankruptcy- we are not sure if chapter 13 or 7 is right for us given that we just started entertaining this idea (he had to take a pay cut after changing jobs, and I'm a grad student, so I make little to no money).
We live in a house that his mom owns and she doesn't charge us rent because she pays nothing on the house except property taxes. We pay our utilities and that's it.
If we file bankruptcy, what exactly can they take from us, and how do they (or do they) verify assets?
Specifically, we have (and need) 2 cars. My car is a 94 honda civic (worht next to nothing) and his is a 2000 subaru forester that we have a loan on (but the loan is current, and we don't want to discharge it). Can they take my car?
Aside from that, we have no assets, just furniture, appliances, a tv, stereo, etc.
Also, what do they do about personal jewelry- they can't take my wedding ring can they?
We are located in wisconsin.

Thanks for any advice- this is extremely stressfull, but I'm hoping it will be the light at the end of the tunnel for us- a couple of our accounts are way past due (60-90 days).

[SinkingFast]

I moved your thread here as your more likely to get responses to your question in this section.

As far as your wedding ring, many States specifically exempt wedding bands with no specific $$ value. Other States will list a $$ value. Don't freak because you paid $5K and the Exemption is $500-$1500 for wedding jewelry. Go to a pawn shop and see what they would pay you for your ring. That's how you would value it for BK purposes.