Question about employee stock

[brandonbkf]

Me and my wife are waiting for the discharge.
My wife has about $2500 worth of stock from her work that she recieved from employement. We didn't even know about it until right before we filed when we got a letter from her employer with the value of her stock that they have been giving her. We turned it in when we filed.
We have not heard anything about the stocks.
Will she lose them?
What will happen to them?

[AngelinaCat]

Are they 'stocks' just plain and simple, or are they part of a Retirement Plan? The answer will make a lot of difference.

If they are part of a Retirement plan, then that is exempt, and cannot be touched unless you are foolish enough to try to cash it in for money. If you do so, then those funds can be seized. I hope that is not the case.

Good luck!

[brandonbkf]

We have not touched them.
They are company stocks from the company she works for.

[backtoschool]

Are they fully vested? Usually when a company gives you stock or stock options, they are not fully vested right away. If they are fully vested, and you had them when you filed, then they are an asset if you did not exempt them, and the trustee has to decide whether to pursue them or abandon them. What the trustee decides will show up in one of the trustee's reports on your docket in pacer.