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  1. #5
    Join Date
    Jul 2018
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    Default Re: Urgent: in Chapter 7 Bankruptcy, Can They Take From

    Quote Quoting legalminute
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    My question is I have another corporation - completely separate from my personal assets that a group of investors have invested in.

    Can the creditors go after this separate corporation in a different state? Do I even have to list this corporation?
    Shares in the corporation that you own are an asset and, as such, must be disclosed in your bankruptcy schedules. The bankruptcy trustee will determine whether those shares have value that may benefit the bankruptcy estate or the trustee may release the shares back to you. Your creditors can "go after" this corporation if they believe you have hidden assets. You need to discuss this with your BK attorney.

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