What Happens If You Do Not Disclose All of Your Assets When You File for Bankruptcy?
What happens if you do not disclose all of your assets when you file for bankruptcy? When filing for bankruptcy, you are required to disclose all assets and income. If you do not disclose all assets, including any recent transfers, your case may be dismissed and the court may impose criminal penalties – depending on…
Should You Tell Creditors You Are Filing for Bankruptcy?
Should you tell your creditors you are filing for bankruptcy? While you can tell creditors you are filing bankruptcy, doing so may not stop them from continuing to call and try to collect on a past due debt. The only way to stop them from harassing you for payment, legally, is to file for bankruptcy…