Thursday, December 25, 2014

If I file for bankruptcy do I need to disclose a property bequest?

Question

If I file for bankruptcy do I need to disclose a property bequest?



Answer

You must list ALL property held in your name including property obtained by inheritance. However, if you have NOT inherited the property yet because the owner is still alive then you are not the legal owner yet and do not list the property.



Answer

Previous answer was right on the money. http://www.anderslawonline.com



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