Stock Certificate

[WorryWort]

What is the name of your state? TX

While I was preparing my chap 7 paperwork, I came across a stock certificate I had forgotten about. I listed it as an asset. It is worth about $250.

Should I take it with me to my 341 meeting to surrender it or "cash it in" and take the money to surrender??

Thanks.

 

[Ladynred]

If you listed it as an asset, did it fall within your exemptions ?

Don't take it with you to the 341. If the Trustee wants it, he/she will let you know. $250 isn't much, the Trustee may just abondon it. Considering its stock.. the value could plummet tomorrow !

 

[WorryWort]

DUH!

I didn't even think about the exemptions... yes, it probably does as I have $30,000 total in personal property. Hmmmm... I'll have to check my paperwork and see where I should have listed it to 'exempt' it.

Thanks for reminding me.