Does anyone know how to list a law suit as an asset in a bankruptcy case?

J

Just Me

New member
I'm hoping you have a professional helping you out with this to be sure you get all information included and correct, highly important in bankruptcy. But I'm sure you already know that. If you are doing this yourself, where you list it depends on the lawsuit.

If the lawsuit relates to a debt owed, (one filed against you and pending by a creditor) it should be listed with your debts. It should be included as "contingent" meaning it is dependent on the outcome of the suit.

If the lawsuit is one YOU have filed for personal injury recovery or another matter, it should be listed and included with your assets. And in the same way, "amount/value pending and contingent upon final judgment."
 
I have a pending lawsuit but do not know which schedule to list it on in a bankruptcy case.
The bankruptcy is over, but I now have an adversary proceeding. The other side says I should have added the lawsuit to my bankruptcy since its open for the adversary proceeding. I know I need to schedule it as an asset, but their are schedules a - j for assets. I need to know what schedule to use for lawsuits pending.
 
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