A/B (Official Form 106A/B) lists all properties owned by the person seeking bankruptcy protection. This includes property that you own only partially or equitably.

Typically, most bankruptcy petitions will have the following assets listed:

Household goods
Vehicles
Clothing
Electronics
Jewelry
Cash
Bank accounts
Retirement accounts
Whole life insurance policies

Where it says, “current value,” the form is asking for the fair market value of the item at the time you filed the bankruptcy petition.

Listing ALL of your assets is essential to the success of your case. You cannot pick and choose what you list.

SIGN UP FOR A FREE BANKRUPTCY COURSE THAT GOES THROUGH THE ENTIRE PROCESS:

⚖ How A Chapter 7 Bankruptcy Works: https://georgiabankruptcylawgroup.com...

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‍ ABOUT SAEDI LAW GROUP: Founder and managing attorney Lorena Saedi started her legal career with a big law firm in Atlanta practicing corporate law and representing large corporations. Although she enjoyed the challenging legal work, she realized that she would rather be working directly with people as opposed to large corporate legal departments. After a short stint in a large bankruptcy law firm in Atlanta, Lorena founded her own firm and the rest is history.

After seeing how client’s cases were serviced at the large “bankruptcy mill” firm, Lorena decided to start her own firm and focus on provided personalized service. Since 2002, Lorena has been helping Georgia consumers get a fresh financial start and providing exceptional client service to her clients.

Over the past 22 years, Saedi Law Group has grown to a midsized law firm. Our goal is to continue to provide exceptional client service and ensure that our client’s Chapter 7 and Chapter 13 cases are a success. Clients work with the attorney they meet with from start to finish. If a client has any questions or problems in a case, they can immediately meet with their attorney (not a paralegal) to ensure that the matter is resolved.

So why choose Saedi Law Group to handle your bankruptcy case? We truly love what we do and we do it with passion. We value our clients and understand what they are going through. Helping clients rebuild their financial life gives us purpose. We see bankruptcy law as a positive way to use the law to help people get back on their feet financially and build a new life.

Find out more at https://georgiabankruptcylawgroup.com