Debt and Bankruptcy
Bankruptcy Law
Tax Refunds

How do you price belongings after a bankruptcy filing and how are things taken verified?

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Wiki User
2005-04-22 21:55:01

All possessions should be valued at 'yard/garage sale' prices.

When filing bankruptcy schedules all the information they contain

is presumed to be given under oath. If any information is found to

be false or misleading, the person(s) can be charged with perjury,

contempt of court and a few other very unpleasant things.


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