Bankrupcty

August 31st, 2011 by Questions

I own a few blog sites get some additional income from ads on it. My blog site total value is less than two thousand dollars as of today.
If i file bakruptcy i have to surrender domains and websites to trustee or I can keep them as tools of trade?

Posted from: Ontario

Questions

One Response to “Bankrupcty”


, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

These types of assets would likely qualify under the tools of trade exemption, although a proper evaluation would need to be done. But due to the unique nature of business assets I would suggest you contact a local trustee just to confirm that everything is set up properly that you will be eligible to utilize that exemption.

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