Protecting Your Money & Assets During Bankruptcy

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Protecting money and assets during bankruptcy proceedings is difficult because you are required to report all cash, real property and personal property to the court. Consult a specialized lawyer to discuss the protection of certain assets during bankruptcy with insight from a family lawyer in this free video on bankruptcy.

Part of the Video Series: Bankruptcy Questions
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Video Transcript

You are contemplating the filing of bankruptcy because your debts exceed your ability to pay on a monthly basis but you're worried about losing your assets and your money while you go through this bankruptcy proceeding. So you want to figure out how do I protect them. Hello, I'm Robert Todd and I'm here to answer the question protecting your money and assets during the filing of a bankruptcy. Well first of all, when you file for bankruptcy, you are asked to give a complete accounting of all of your assets which would include all of your cash money, real property and personal property and all of your liabilities and obligations which would be your debts. If you file for bankruptcy and you conceal or misrepresent any of your assets or liabilities, your bankruptcy may not be worth the paper it's written on. So if you have questions of this nature, you probably need to consult a lawyer that specializes in bankruptcy. I'm Robert Todd and thank you for watching.

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