Six Tips to Avoid Bankruptcy Fraud
A San Jose bankruptcy lawyer lists Six Tips to Avoid Bankruptcy Fraud
There are several ways to avoid bankruptcy fraud, but here are six of the major tips to avoid bankruptcy fraud. First, be open and candid about your assets. California has one of the most diverse and debtor-friendly exemption lists in the United States. By disclosing all of your assets, the trustee has no reason from the get-go to assume bankruptcy fraud. A second way to avoid bankruptcy fraud is to not file for bankruptcy in more than one state. If you must file in more than one state, be sure to follow tip number one.
A third way to avoid bankruptcy fraud is to not attempt to bribe the trustee with money or other valuables in order to hide assets that might not be exempt. A fourth tip on avoiding bankruptcy fraud is to completely fill out the bankruptcy petition and not leave anything blank or ambiguous. Hiring an attorney is the easiest way to ensure that all information is accurate and in the appropriate schedules.
A fifth way to avoid bankruptcy fraud is to not use an alias or “aka” and file for bankruptcy multiple times. There is a calendar limit to how often an individual can file for bankruptcy. Lastly, a great way to avoid bankruptcy fraud is to not illegally make yourself insolvent, meaning transferring all your assets to offshore accounts, family members, etc. The trustees are governmental employees and have their ways to find out information that you would not have otherwise thought they could obtain.
If you have questions regarding Bankruptcy in San Jose please contact us at 408.279.2288 for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our downtown San Jose bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or bankruptcy litigation case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, San Jose and the South Bay!
