3

I've been trying to research this, and so far all I've found is a lot of academic legal essays concluding the law hasn't really caught up to the technology.

Do domains typically need to be declared when filing for bankruptcy? I'm not talking about domains worth thousands of dollars or anything, just an obscure domain worth the $10 or so that was paid to register it.

Ryan M
  • 10,374
  • 2
  • 47
  • 63
Sean Ward
  • 31
  • 1

1 Answers1

4

Do domains typically need to be declared when filing for bankruptcy?

Yes. Concealment of registered domains may be grounds for denial of discharge. See In re Money Centers of America, Inc., (U.S. Bankruptcy Cort, July, 2019) ("the registration of the domain name is an ownership interest that should have been disclosed"). See also In re Luby, 438 B.R. 817, 829-830 (2010):

courts generally hold that domain names are subject to the same laws as other types of intangible property [...] And as such, it must be reported on a debtor's bankruptcy schedules.

(citations omitted).

The Luby opinion reflects that materiality of a domain is more relevant than the cost of registering it.

Iñaki Viggers
  • 45,677
  • 4
  • 72
  • 96