Bankruptcy Blog

Be Sure to Disclose Assets in Bankruptcy Proceedings An intentional failure to disclose assets in your bankruptcy can result in having your bankruptcy dismissed without discharge; imposition of fines, sanctions and penalties or even criminal prosecution for both you and your attorney. Your attorney should make it clear to you that it’s imperative for you to be completely honest regarding all of the necessary disclosures. Your attorney cannot be expected to provide you with accurate legal advise or legal services if you fail to provide full and complete answers, and documents when necessary, for everything that is being asked of you. [...]