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  1. #1
    Join Date
    Apr 2012
    Posts
    1

    Default Discovery of an Asset After Discharge

    My question involves bankruptcy in the state of: S.D
    Our chapter 7 was discharged and closed during the summer of 2010. Ok now almost 2 yrs later while cleaning out our basement I found the safe that contained the legal papers
    for my parents when they passed away 17 yrs ago. Haven't looked in there since then. At that time everything was accounted for in there Will so it was closed and forgotten about.
    Decided to look in there nothing but death certicates and old ins papers and a lot of memories, was going to throw the ins papers out when i find a saving bond they bought for me in the early 90's stuck in there its worth about 5 thousand. Never told me anything about it then and never new it existed till now. My question is do i have to contact my former lawyer and tell him i found this,
    Thanks for any help

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    75,915

    Default Re: Discovery of an Asset After Discharge

    If you want to be above-board you will disclose the asset to the trustee and open up the possibility that it will be applied to your debts.

    If you don't want to be above-board, you would be asking us to guess at the odds that you'll be caught, and I'm not going to go there.

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