Livonia Michigan Bankruptcy - Michigan Bankruptcy Blog

Livonia Michigan Bankruptcy

Michigan Bankruptcy Blog

Archive for August, 2013

Telling the Truth in Bankruptcy

Posted by Peter Behrmann, Esq. On August 21st

           Truth To be eligible for a bankruptcy and go through this process as painless as possible, you must at all times tell the truth.  When you tell the truth, your attorney can properly advise you on whether there will be an issue or not.  You must answer any questions truthfully while preparing your case.  When you come in to sign your bankruptcy petition you will sign under penalty of perjury that the paperwork is truthful and accurate to the best of your knowledge.  After your case is filed, you will go to court in 4 to 6 weeks where you take an oath that you will tell the whole truth.  In addition, the Trustee will ask you whether the paperwork that was filed with the court was truthful and accurate and still remains that way today.

            There are consequences if you do not tell the truth at any point during this process.  If you do not tell your attorney everything then he or she may not be able to help you.  You may lose an asset or get a family member or friend sued if you paid them money and didn’t disclose it properly.  If you do not cooperate with the Trustees office and it is discovered you lied orally or in your paperwork they can send it to the US Attorney’s office where you can be subject to a fine, imprisonment, or both. Ultimately, you can lose your discharge order which is the fresh start you were seeking in the first place.  

 

Peter Behrmann is a Livonia Bankruptcy Attorney.  From my Livonia, Michigan location, I represent clients throughout Metro Detroit and beyond, including Garden City, Wayne, Westland, Redford, Dearborn, Taylor, Ann Arbor, Belleville, Northville, Novi, Farmington, Farmington Hills, Plymouth, Canton, and the Counties of Wayne, Oakland, Livingston, and Washtenaw. My practice is limited to helping consumers like you file Chapter 7 and Chapter 13 Bankruptcy.