Yes. The worst thing a debtor can do is hide assets or not disclose a legitimate debt to his/her attorney. Most assets and debts can be effectively dealt with in a bankruptcy case, and with proper planning can be addressed favorably. In addition, if you fail to disclose a debt in your original filing, you will have to pay an additional fee to amend your filing. Furthermore, the bankruptcy petition is signed under oath and failure to disclose properly is against the law.
Last updated on:Thursday,4 February 2016 1:40