Q: How long after filing chapter 7 bankruptcy do I need to report a new assets?
I filed bankruptcy, without my spouse, and I’m currently waiting for discharge. My spouse, who holds the home mortgage alone, would like to do a cash out refinance for home repairs and add my name to the house title. How long is the trustee entitled to new assets after filing or discharge?
A: The trustee can't claim any interest in assets acquired after the date your Chapter 7 petition was filed, and to my knowledge there is no requirement of a post-filing supplemental statement of assets and liabilities.
A: Any assets obtained post petition filing do not have to be disclosed or turned over (unless there was fraud involved or their existence was concealed from the court prior to the petition being filed.
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