Can you have funds in the stocks and still file bankruptcy?

Answer 1

You have to declare ALL assets to the courts. Some accounts, like your retirement plan IF held by your employer are protected against bankruptcy. In some states IRA and annuities are too, in other states they are not protected.

If your stocks are not held in protected accounts, you will likely have to liquidate them to pay off your creditors. The laws have gotten a lot tighter within the past year.

Ethically, you shouldn't have an investment portfolio and not be paying off bad debt.

Answer 2

You can but you have to declare them as assets. Depending upon your state you may not have to sell them. Talk to a bankruptcy lawyer to be for sure though.

Answer 3

if you have stock funds in 401k,403b,457, traditional IRA,Roth IRA. You are off the hook.

if you have in regular brokerage account or taxable account. You are liable. the court may request you to liquidate and pay up the debt

Answer 4

if you have assets (stocks) of any meaningful amount, they will take em!

i believe it's up to the trustee.

If you have 500$ of stock, I doubt they will... I had 1500$ in my checking account at the time of my chapter 7, and they didn't want it.

Answer 5

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Answer 6

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Answer 7

ask your lawyer. they may be able to take that to help pay off your debt. also watch out, because if you get a tax refund, they will take that too.

Answer 8

if they are less than amt owed