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.
This entry was posted
on Monday, December 14th, 2009 at 4:34 pm and is filed under Exemptions & What You Get to Keep, Filing Bankruptcy.
You can follow any responses to this entry through the RSS 2.0 feed.
Responses are currently closed, but you can trackback from your own site.