Will I lose my stocks in Bankruptcy

May 11th, 2012 by Questions

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

Questions

One Response to “Will I lose my stocks in Bankruptcy”


May 11, 2012 at 8:15 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

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.

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