QUESTION
Can phone and fax number and websites be sold as assets?
Asked on Apr 30th, 2013 on Bankruptcy - Florida
More details to this question:
Phone and fax number, website, domain name listed on schedule F & G, but not on schedule B. Can they be sold as assets? Can that ruling be appealed?
10 ANSWERS
Any non exempt asset can be liquidated.
Answered on May 08th, 2013 at 1:24 AM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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It depends on the exemption laws of the state where you live.
Answered on May 02nd, 2013 at 4:32 PM
If you fail to disclose valuable assets in your property schedules, you sort of lack credibility to claim that the bankruptcy trustee that finds these assets shouldn't be allowed to sell them. Lots of luck trying to find an attorney to file an appeal of the bankruptcy judge's decision to let these assets be sold.
Answered on May 02nd, 2013 at 4:32 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Generally any asset can be sold to satisfy the creditors. See you bankruptcy attorney, or get one.
Answered on May 02nd, 2013 at 4:31 PM
They may be assets if they have intrinsic worth. You can challenge and litigated anything.
Answered on May 02nd, 2013 at 4:31 PM
Information provided doesn't create an attorney/client privilege nor constitute an offer of services and is only general responses to hypotheticals
Deborah F. Bowinski
If they have value they can be sold. If they have value they should have been listed on schedule B and on schedule C you should have claimed any exemptions for them that might be entitled to claim.
Answered on May 02nd, 2013 at 4:31 PM
Consumer Finance Attorney serving Vancouver, WA
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Robert Russell Law Office
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Such things are assets and can have value and, thus, must be exempted to be protected.
Answered on May 02nd, 2013 at 4:30 PM
Bankruptcy Attorney serving Walnut Creek, CA
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Alan E. Ramos Law Offices
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If they have value and someone will pay for them, they can be sold by the trustee, unless exempted by the debtor.
Answered on May 02nd, 2013 at 4:30 PM
Chapter 7 Bankruptcy Attorney serving Cherry Hill, NJ
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Robert H. Johnson, LLC
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Yes, they are considered good will and if they have value, they can be sold.
Answered on May 02nd, 2013 at 4:30 PM
Bankruptcy Attorney serving Plantation, FL
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Moffa & Breuer, PLLC
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They can be sold if they belonged to the Debtor (typically a company). Anything can be appealed, but if they belonged to the Debtor, it is a sure-bang loser of an appeal almost to the point of being sanctionable as being ridiculous.
Answered on May 02nd, 2013 at 4:29 PM