What are Assets in Bankruptcy?

Assets.  Assets are every form of property that the debtor owns. They include such intangible things as business goodwill; the right to sue someone; or stock options. The debtor must disclose all of his assets in the bankruptcy schedules; exemptions remove the exempt assets from property of the estate.

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • email
  • FriendFeed
  • Google Buzz
  • LinkedIn
  • PDF
  • RSS
  • Technorati
  • Tipd
  • Tumblr

Related posts:

  1. Tax Refund in Bankruptcy
  2. What Property Can I Keep?
  3. Can I Own Anything After Bankruptcy?
  4. What Will Happen to My Home and Car If I File Bankruptcy?
  5. Chapter 7 (Straight Bankruptcy)

Sorry, comments are closed for this post.

eXTReMe Tracker