Do I have to Disclose All Assets in Bankruptcy regardless of Location?

Do I have to list an asset that I own in another state or foreign country in my Bankruptcy case?

Yes. All property, real and personal, must be disclosed in the bankruptcy schedules, regardless of whether located in Sacramento, California or elsewhere. However, the cost effectiveness of liquidation decreases for the Chapter 7 Trustee if the property is in a foreign country. Nonetheless, you have to disclose ALL properties you own even if it is outside Sacramento, California. Call an experienced Bankruptcy Attorney for a Free Consultation in Offices at Sacramento, Stockton, and Fairfield, California.