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View Full Version : Do I have to report foreign owned property in a us bankruptcy.


memaryel
Sep 11, 2010, 07:46 AM
Land was purchased 4 yrs ago and I started to build a villa. I had to stop building after I lost my job 2 yrs ago. The house is not completed and uninhabitable at the present. It is just framed out. I had to declare bankruptcy and do not know if this house needs to be included in the bk

JudyKayTee
Sep 11, 2010, 08:08 AM
In one word - yes. If not a lot of people would move/transfer assets out of the Country in order to shield them.