Legal Question in Bankruptcy in Minnesota

bankruptcy

Do I have to claim a time share as an asset in filing for bankruptcy?


Asked on 11/29/08, 6:30 pm

2 Answers from Attorneys

Sam Calvert Calvert Law Office

Re: bankruptcy

All of your assets must be listed. A time share may have a very small value, or it may have a negative value if you still owe on it, but it should be listed.

Read more
Answered on 11/29/08, 11:25 pm
Lesley Hoenig Lesley A. Hoenig, Attorney at Law

Re: bankruptcy

Yes, it must be listed, like anything else you own. You will find, however, that the trustee most likely won't waste time trying to liquidate your time share, as they are very difficult to sell.

Read more
Answered on 12/08/08, 12:37 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in Minnesota