Unregistered
Anonymous
Posts: n/a
Credits: 50,480
Sub: #1 insolvency asset calculation
Replied on 07-15-2011, 07:54 AM
Reply With Quote

When adding up assets and liabilities does a person have to declare foreign owned real estate as an asset?

Sub: #2
Replied on 07-15-2011, 07:13 PM
Reply With Quote

As far as I know, you will have to list all your assets including your foreign owned real estate. Nevertheless, it will be better if you could contact your bankruptcy attorney and take his opinion in this matter.

Isabella Wilson
Anonymous
Posts: n/a
Credits: 50,480
Sub: #3
Replied on 07-15-2011, 08:15 PM
Reply With Quote

Yes, you have include the foreign owned asset as well. You will need to include your total income from your overseas real estate while calculating your assets and filing taxes.




«Previous Thread | Next Thread»
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -8. The time now is 01:02 PM.






About Us | Contact Us | Privacy Policy | Affiliate | Sitemap | Espanol | RSS Feeds| Terms of Services
* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.098 seconds.