Do I have to list all debts and assets in my bankruptcy?
Full Question:
Do I have to list all debts and assets in my bankruptcy?
03/26/2007 |
Category: Bankruptcy |
State: Alabama |
#185
Answer:
Yes. If you knowingly and fraudulently conceal an asset from the court or fail to list all debts, you have committed a felony and can be fined up to $5,000, imprisoned for up to five years, or both. In addition, the court can deny you your discharge, or dismiss or convert your bankruptcy proceeding.
