West Palm Beach Bankruptcy Attorney

Trying to Hide Property

Deciding to file for bankruptcy, whether it is Chapter 7, 11, or 13, is a major decision that must not be made lightly. When you decide that you need to file for bankruptcy, you must be sure that you are willing to weather the negative aspects that it entails as well as the benefits.

Part of making this major decision is realizing just how extensive bankruptcy is. When you file for bankruptcy, you must list all of your assets and all of your creditors. There are no exceptions to this rule. While making a few small mistakes can be fixed, intentionally leaving information out of your bankruptcy filing can lead to the dismissal of your case or even criminal charges.

In addition to all the assets that you already have, you may need to list any assets that you will be receiving in the near future. This can include such things as:

• An inheritance
• Your pension, retirement fund or other retirement related income
• Judgments from any legal proceedings you may have gone through
• Money from stocks, trusts or tax refunds

If you are deliberately misleading or purposefully hiding property, the consequences can be severe. You should also remember to list every creditor that you owe so that they can obtain some of the money owed them. Failing to do this can also end badly.

Contact a West Palm Beach Bankruptcy Lawyer

If you are considering bankruptcy, contact the West Palm Beach bankruptcy attorneys of Eric N. Klein & Associates at 561-353-2800. Let us help you through the filing process.