Must I list all of my assets when filing for Chapter 7 Bankruptcy?

Yes, you must list all of your assets when filing for Chapter 7 Bankruptcy in Washington. The bankruptcy code requires individuals to provide a complete and accurate listing of their assets when they file for bankruptcy. This includes things like real estate, vehicles, furniture, jewelry, bank accounts, stocks and bonds, and other valuable items. It also includes any claims that you may have to property owned by someone else, such as an inheritance or an insurance claim. When you file for Chapter 7 Bankruptcy, a Trustee is appointed to administer your case and examine your assets. The Trustee is responsible for liquidating your non-exempt assets, which means selling them in order to repay as much of your debts as possible. It is important to be completely honest when listing your assets, because if the Trustee discovers that you’ve failed to list something, it could be considered fraud and you could face criminal charges.

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Must I list all of my assets when filing for Chapter 7 Bankruptcy?

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