Robert Gregory Lathram's Answers

If i file a chapter 7 personal bankrupty,will i be required to disclose that im a benificiary of a my surviving parent's savings

If the account is a checking or savings account or a certificate of deposit at a financial institution and your name is on it as a joint owner, then you have an existing interest that must be disclosed in your bankruptcy petition under penalty of Federal perjury. On the other hand, if the account or certificate lists you as being a beneficiary with language, such as "payable on death" (POD), then you have a mere expectancy, rather like a beneficiary to a will. As a beneficiary only upon...

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