December 29, 2016
When you file a chapter 7 bankruptcy, you are required to disclose your ownership or interest of any kind in property. These interests are then listed on your bankruptcy papers that are filed with the Court. When a chapter 7 is filed, a Trustee is appointed to review and administer your case. One of the Trustee’s responsibilities is to review the property listed on your bankruptcy papers to determine whether any funds might be available for creditors.