I filed Bankruptcy 7 in 2005.I had commingled / Transmuted funds involved in a property with my fiance
Asked on Mar 10th, 2012 on Bankruptcy - South Carolina
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I did not list these values or potential claims on my BK schedule because I understood that what I was filing had to be a claim of legal or some enforceable claim to ownership.What are the ramifications of this....did I give up all rights to monies that could potentially be mine ?
I don't completely understand your facts. If you had a claim to ownership of an asset on the date you filed your bankruptcy case, then you were required to list that asset and value it and, if available, exempt it. If you intentionally failed to do so, not only can you be required to turn over the assets, but there can be criminal prosecution brought against you (very unlikely in this case, but I'm just pointing that out).
I suggest consulting with a bankruptcy attorney in your area to go over all the specifics of this situation since there are a lot of missing facts.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
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