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List of Commonly Forgotten Assets

Posted on Mar. 15 2019.

In your bankruptcy petition, you must list ALL of your assets -- even if the asset is not in your possession, even if you don't want to keep it, even if the value is unknown, contingent, or has little value. If you do not list an item, you could risk losing it

To get you thinking about the types of things you might not associate as an asset, please review the following list:

  • Legal Claims

  • Vested Rights in Decedent's Estates (RIGHT TO RECEIVE INHERITANCE OR LIFE INSURANCE PROCEEDS)

  • Timeshares

  • Cemetery Plots

  • Deferred Compensation

  • Employee Stock Purchase Plans

  • Insurance Claims

  • Stock Options

  • Internet Domains

  • Whole Life Insurance

  • Trusts

  • Rights to Tax Refunds

  • Pending Sales Commissions

  • Partnership and LLC Interests

  • Rights of Reimbursement

  • Investment or Stock Accounts

  • Assets of a Sole Proprietorship Business

  • Money Owed to You by Your Incorporated Business

  • Other Property You Own but Held/Stored by Another Person

  • Season Tickets to Events/Games

  • Money Owed to You by Your Incorporated Business

  • Publishing Rights / Licensing Rights

  • Intellectual Property Rights

For help, contact the Law Offices of Darren J. DiMarco.

Call (760) 496-1990 for San Diego County & (949) 288-6526 for Orange County. Or, you can email us at: messages@dimarcolegal.com.