Filing for Bankruptcy - Bankruptcy Schedules

Disclosure of All Property

In completing your bankruptcy schedules, you must list all of your property. This includes all types of property, whether tangible or intangible.  This also includes property (a.) wherever located -even if it is in another state or country, (b.) another person may be holding for you. (c.) that you may have been given as a gift, (d.) really owned by you, but in the name of another person, (e) of no value.
 

Rights to Sue/Causes of Action

All actual or potential causes of action you hold at the time of the filing of the bankruptcy case or acquire after the filing of the bankruptcy case (i.e. your right to sue someone for damages, etc. including personal injury claims and employment cases.) must be disclosed as an asset in the bankruptcy schedules. The most common example of such is a personal injury suit. This includes cases presently pending and cases you may decide to bring in the future. If you fail to schedule such causes of action, in addition to the above‑mentioned penalties, you may lose the right to bring (be "estopped") the cause of action against the other party entirely.