In a bankrupcy case why would a lawyer include items that were paid for knowing if you wanted them back you would have to pay the trustee their buyback value, such as your vehicle?
Asked on 4/21/17, 9:56 pm
2 Answers from Attorneys
R. Jason de Groot
R. Jason de Groot, P.A.
Because you must list everything that you own in a bankruptcy, and everything you owe. If you do not list everything that you own, it would be fraudulent.
Answered on 4/22/17, 5:58 am
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Because it is part of the bankruptcy estate even if it is paid for. The items you own, excluding exemptions, are used to pay your debts.
Answered on 4/24/17, 10:52 am
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