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Stock options

I may have to declare bankruptcy and I would like to know what will happen with some stock options with a publicly traded company that are in my name. They are not in the money right now, but I believe that they will be sometime before a discharge. If they are in the money but not exercised do I keep them?

Posted from: British Columbia

One Response to “Stock options”

A licensed trustee said...

If the stock options have “cash value” at the time you file for bankruptcy then you will either have to pay your trustee an amount equal to their value or surrender the options to your trustee. If they have no value at the time of filing then your trustee will not be interested in them….