Answered on Jul 16th, 2011 at 6:14 AM
Possibly, and that is a very good reason to have a good lawyer, as the lawyer may know how to protect that interest. Generally, if the business has no value and no assets the Trustee won't want it, but he may find value in the name, customer lists and phone number. A good lawyer is invaluable as they will know how to present this to Trustee to discourage his interest or minimize his interest. Doing a case yourself would be a good way to mess up here.