Friday, April 18, 2008

Don't leave out any creditors willfully

All the paperworks put together by the bankruptcy lawyer when filing bankruptcy is called petition. This petition, as per the bankruptcy law, should mention every debt you currently owe. If you willfully leave out any creditors, the court will dismiss your case entirely, and you will not be given another chance to file for bankruptcy. This is also a federal crime under bankruptcy law. So, never lie when filing bankruptcy.

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