When filing chapter 7, does one have to disclose a partial interest of Mexican real estate held in shelf corp?

post Category: Shelf Corporation — admin @ 5:08 pm — post Comments (2)
postOctober 2, 2009

Hi I’m writing a cool novel and I have a question for my research. If one of my California charactars files a chapter 7, does she have to disclose a partial ownership in real estate in Mexica, Costa Rica or similar country. The charactar bought the house in a shelf corporation years ago with cash saved from previous career. It is my understanding that these shelf corporations are private. Would the charactar technically have to disclose his foreign real estate holdings.

Yes, otherwise it would be a fraudulent filing and would void the whole bankruptcy.

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Horaayy..there are 2 comment(s) for me so far ;)

#1

technically it has to be declared – all properties will be attached.
References :

Swaminathan P wrote on October 2, 2009 - 10:18 pm
#2

Yes, otherwise it would be a fraudulent filing and would void the whole bankruptcy.
References :

liberal48 wrote on October 2, 2009 - 11:06 pm
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