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What Would be Considered an Asset in a Bankruptcy?

How to save money Anyone who is filing for bankruptcy will be required to list all of their assets.  An asset is anything you own.  Assets include: 
  • Investments  - stocks, bonds, certificates of deposits, mutual funds, and annuities.
  • Retirement accounts - IRAs, 401k, 403b and pensions.
  • Bank Accounts - money in a checking or savings account.
  • Home - Your house and all items in it: household goods, household furnishings, tools, computers, stereos, automobiles, clothes, boats, motorcycles, gold and jewelry.
Once you have all your assets listed, make sure to contact us online or call The Law Offices of Jacoby & Jacoby at 631-289-4600 to schedule a FREE consultation to discuss your individual situation and which assets of yours may be exempt or protected.  The type of bankruptcy you file will determine the status of your assets.


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