All assets, no matter their value, must be disclosed in a bankruptcy case. If you happen to forget to list an asset for one reason or another, your bankruptcy petition can be amended to add the assets that should have been listed. Listing all your assets is the best way to avoid any issues in your bankruptcy case and will allow you to receive a quick bankruptcy discharge and allow for that bankruptcy discharge to be permanent.
Here are a few things to think about when listing your assets:
- Are you owed a state or federal tax refund?
- If someone sells a piece of property are you entitled to a share of the profits?
- Does someone owe you money?
- Are you the silent partner in a business?
- Do you co-own property with someone besides your spouse?
- Could you file a lawsuit against someone?
- Are you entitled to any unclaimed government benefits?
- Do you have a lawsuit pending against any entity?
Every bankruptcy case is different. If you have questions about what you will need to disclose in your bankruptcy case, call us at 404-524-6400 for a free consultation, or visit us online at www.kingandkingattorneys.com for more information.