shares and bankruptcy

Posted on Wednesday, March 12, 2008

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I bought some shares about 3 years ago and they have gone up substantially. I think as of yesterday they were worth $15,000 if I liquidated them. If I filed for bankrutpcy would I have to give these up? Is there any way I could keep these as I think this stock hasn`t hit it`s peak and still has substantial room to move?
thanks in advance

Filed under: Bankruptcy
 posted by Questions @ 6:58 am
1 Expert Comment:

 At March 17, 2008 | 5:47 am , Barton Goth GCO Bankruptcy Trustees Said...

There are really only 2 ways you can keep these shares. First you can provide the $15,000 (the current market value of the shares) to your trustee in place of the shares. Or alternatively you could consider filing a proposal.

When you file a proposal there is no requirement for the assets to vest in the trustee and they are yours to keep.

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