bankruptcy assets

What assets do I list in my bankruptcy case?

What assets do I list in my bankruptcy case?

In a bankruptcy filing, you must list all of your assets, including:

  1. Real property, such as your primary residence, rental properties, and vacation homes
  2. Personal property, such as vehicles, jewelry, art, furniture, and electronics
  3. Cash and bank accounts
  4. Retirement accounts, such as 401(k)s, IRAs, and pensions
  5. Investment accounts, such as stocks, bonds, and mutual funds
  6. Business interests, such as ownership in a partnership or corporation
  7. Life insurance policies with cash value
  8. Tools of the trade or equipment necessary for your occupation
  9. Unsecured debts, such as credit card balances, medical bills, and personal loans
  10. Alimony and child support obligations

It’s important to be as accurate and complete as possible when listing your assets, as failure to disclose an asset could result in legal consequences. An attorney can help you navigate this process and ensure that your filing is complete and accurate. Free bankruptcy strategy session.

About Author

Terrance Leeders

Chicago Bankruptcy Attorney, husband, father, Cubs fan.