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From http://rortybomb.wordpress.com/2010/06/29/new-legislative-effort-to-get-bankruptcy-exemption-for-guns/:

A friend on the hill forwarded me the following. Supported by the NRA, Rep John Boccieri (D-OH) is pushing to allow firearms to be exempt from bankruptcy: “In those states that allow a debtor to use federal exemption law, this provision would prevent a trustee from selling a debtor’s firearms to satisfy the claims of creditors.” This amendment would make it so someone going through bankruptcy can’t have their guns liquidated and sold to pay off their bills.