I own $28,000 in stock I received from a trust. The cost base for the stock is $.13, The value is $2.70 a a share. If I file bankrupcy what will happen to this stock? Should I sell it myself now and put it toward my debts. Which it would only be a drop in the bucket of my debt.I also owe IRS on stocksI was forced to sell because of margin balance and drop in price of stock. I don't know what to do. It seems I will be forced to file bankruptcy. Please help.
I own $28,000 in stock I received from a trust.
Posted - 21 February 2010 : 14:39:50
