Legal Question in Bankruptcy in Kansas
Chapter 7 and sporting equipment
If Chapter 7 is filed, must sporting equipment be turned over to the trustee for sale to help liquidate debts?
Asked on 6/27/01, 10:49 pm
1 Answer from Attorneys
Bonnie Selby
Bonnie J. Selby, Attorney at Law
Re: Chapter 7 and sporting equipment
Yes, indeed. . .to pay creditors and/or trustee's fees. If there is value there and the equipment is not exempt as business tools or equipment.
Answered on 7/05/01, 9:51 am
Related Questions & Answers
-
Kansas Opts Out of the Exemption Scheme Kansas is amoung a list of states that does... Asked 6/26/01, 10:11 am in United States Kansas Bankruptcy Law
-
Bankruptcy and remarriage I am currently starting the proceedings for filing... Asked 5/25/01, 1:49 pm in United States Kansas Bankruptcy Law
-
Types of Filing bankruptcy I have around 25,000 in debts. I would like to file... Asked 9/06/00, 1:24 am in United States Kansas Bankruptcy Law
-
Bankruptcy Law My father who is 76 years old, recently widowed and left with about... Asked 7/29/00, 10:35 pm in United States Kansas Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
