How Can We Help?
How Can I Avoid Problems in My Chapter 7 Bankruptcy?
The following people should expect “problems” in bankruptcy:
(a) Persons who conceal, transfer, or destroy their property with the intent to defraud their creditors or the Trustee in the Chapter 7 case.
(b) Persons who conceal, destroy, or falsify records of their financial condition or business transactions.
(c) Persons who make false statements or claims in their Chapter 7 case, or who withhold recorded information from the Trustee in the case.
(d) Persons who fail to satisfactorily explain any loss or deficiency of their assets.
(e) Persons who refuse to answer questions or obey orders of the Bankruptcy Court, either in their case or in the case of a relative, business associate, or corporation.
(f) Persons who have engaged in pre-filing activity with the intent to defraud creditors.
