Here is how I see it, some people buy things they cannot afford, and they know it. I never buy wants and put my family in the hole. All the people who make smart choices will probably keep their stuff. Some people deserve to lose their stuff, due to ignorant money spending. Good folks can hit hard times, but most blow out sales for pennies on the dollar, are folks that have poor decision making, that is how it works.
I don't have anything real nice to sell, but my family is comfortable............what comes around goes around is right, peoples' greed gets them in trouble.
I have been fully aware that I could lose everything, so I cut the fat, a year ago. Downsized business, refinanced house, didn't buy any luxury items like (new HD TV, toolboxes, RV's, cars for me, nothing). I did cut up my credit cards, and put new roofs on my buildings, bought an economical family car, made due with no lifts for now, no fancy tool box (have a whole buch of Cman sets, and an old Waterloo, etc.)...............bought furniture and clothes for my kids, etc..................
Those that don't wake up and smell the coffee, find themselves not being able to pay, due to their denial of circumstances. I don't feel bad buying good deals, I didn't force their hand.