I have my friend`s shares in my brokerage account.What can i do before filing BK?
April 25th, 2009 by Questions
I have a very serious financial problems and my biggest headache is my brokerage account. A few months ago I received money from my friend to buy shares that are kept in my account. From what I understand, if I file BK, all stocks will be seized by trustee… Well, instead of relieve, I will get a new huge debt, this time I will be owing money to my friend.Is there any possible way for me to transfer the brokerage account to his name, or it`s too late if I am planing to file soon?What can I possibly do in this situation as I need to keep the stock in order to not to get into a bigger problem? Thank you
Posted from: Ontario