Do I have to list all of my assets? 4 Answers as of August 27, 2010

I have been contemplating filing for Chapter 13 bankruptcy for some time. Do I have to list all of my assets, even if I am current on payments? For instance, will I have to include my home even though I am not behind on payments?

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Lorene Lynn Mies, APLC
Lorene Lynn Mies, APLC | TheBankruptcyMinute.com
All assets and all liabilities must be listed. You can reaffirm the debt on the house and keep it.
Answer Applies to: California
Replied: 8/27/2010
The Law Office of Mark J. Markus
The Law Office of Mark J. Markus | Mark Markus
Yes. An intentional failure to list assets is grounds for many sanctions, including (but no limited to) dismissal of your case, denial of your discharge, monetary fines, prosecution by the FBI and possible jail time.
Answer Applies to: California
Replied: 8/26/2010
Law Offices of Larry D. Simons
Law Offices of Larry D. Simons | Larry D. Simons
The law requires that you list all debts that have an outstanding balance as of the filing date. With regards to assets, you disclose all of your assets as you are signing the papers under penalty of perjury.
Answer Applies to: California
Replied: 8/26/2010
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