What are the assets that are protected from being part of my bankrupt estate?
I was wondering if there is a way to be discharged from bankruptcy as soon as possible and then I thought of selling all my assets. Is it possible to sell all my assets so that it would become part of my bankruptcy estate or are there some restrictions like assets that I can;t sell because they are protected?
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Sadly it is not possible to sell all your assets because some assets are protected and selling all your assets wouldn't be a good idea either because then nothing would be left. Protected assets include property held by you as a trustee for someone else, your HBD flats, Life insurance policies held in express trust for your spouse or children, any item or furnitures required for your family's needs and many more.