December 10th, 2009 by Questions
what if i have stocks do i have to give them up
Posted from: Ontario
December 11, 2009 at 9:15 am, 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.
Log in to Reply
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.)
You must be logged in to post a comment.