My fiance is considering bankruptcy due to her credit card debt from her and cards she co-signed prior to our relationship. She has no assets other than clothing and very little inexpensive jewelry. My question pertains to whether her engagement ring is considered her asset or my asset. Since an engagement ring is a conditional gift could it be seized in bankruptcy? Or should I break it off with her and reclaim my property until after she gets her financial situation fixed.

Ohio has very low exemptions for jewelry 200 and $400. I paid approximately $6000 for it so it is well above those.