December 10th, 2009 by Questions

what if i have stocks do i have to give them up

Posted from: Ontario


One Response to “stocks”

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

If you file for bankruptcy and have a stock portfolio that is held in a non-registered account, this would be a non-exempt asset. Meaning would be lost if bankruptcy was filed and your trustee would have to make sure you cash the stocks in and turn the proceeds over to be distributed among your creditors.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)