i agree with you, it all depends on the choices of each individual and not all individuals are in the same condition. whether it's using an emergency fund or selling assets, the most important thing is that we can think clearly to take a risk on one of the available options and at least we can survive without having debt, it's not very wise if we still have emergency funds and assets but we debt, it will add to the burden of life.
If I will choose, it’s better you go for emergency fund, because as the name implies it’s for the sake of emergency, but if you think it’s better you sell your assets then it’s still okay, both the emergency fund and the asset belongs to you, as long as any one you use is going to solve the problem then you can use it. But just make sure you are not taking loan to solve problem when you are having emergency funds and you are still having assets which you know you can use. Some people are really used to taking of loan to solve problem even if they are having money to solve the problem, they will prefer to keep the money and take loan to solve the problem, which I don’t really think it’s a nice idea.