Legal Question in Bankruptcy in Missouri

If my son intends on filing for Chapter 7 bankruptcy in Missouri, must he include things that I paid for, such as a piece of furniture? Does he have to list this in the filing? Couldn't he leave it out on the basis that he is merely "using it"? My larger question is, how is ownership determined as far as what he would be required to list as property? If I've paid for it, does he have to list it?


Asked on 8/06/09, 1:03 am

1 Answer from Attorneys
Anthony Smith LawSmith

As to whether the asset mus tbe listed, is determined by who owns it. If you gave it to him, he owns it and it is his asset. IF you re lending it to him, he does nto own it, and may not have to list it. His bankruptcy attorney should be able to answer these questions on an item by item basis.

Good Luck

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Answered on 8/06/09, 5:00 pm


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