What Happens to Your Cryptocurrency in a Bankruptcy Situation?
Too Long; Didn't Read
Filing for bankruptcy is complicated and sometimes difficult to understand. However, just because you don’t understand it doesn’t mean you can make up your own rules.
We recommend hiring an attorney and carefully playing by the established rules.
Do You Have to Disclose Cryptocurrency Holdings in Bankruptcy?
Crypto, which includes a variety of digital currencies and “coins” like Bitcoin and Ethereum, is a largely misunderstood asset class. It’s something brand new (relatively speaking) and totally foreign to the average person.
Even those inside the world of traditional finance and investing are somewhat confounded. People don’t know what to make of it. This confusion extends over into questions like, does crypto have to be disclosed in bankruptcy?