Will I lose my stocks in Bankruptcy
I intend to claim bankruptcy against student loans that I can’t afford to pay. I own stock in a company but they aren’t worth anything right now. Will I be allowed to keep my stock and still claim bankruptcy?
Posted from: Newfoundland and Labrador
As part of the bankruptcy your trustee will have to look to liquidating those stocks as part of the bankruptcy process. If they have no re-sale value then at the end of the bankruptcy you can arrange with your trustee for those stocks to be turned back over to you.