Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Thank you for your question. I am happy to assist you.
You are required to list all assets and debts in your bankruptcy petition. You are signing the petition under penalty of perjury. When you go to the 341 hearing, the trustee will ask you again under penalty of perjury whether your schedules are true and correct and whether you listed all your assets and debts.
If you omit the property and it is later discovered, you can be charged with bankruptcy fraud, fined and/or imprisoned. Additionally your discharge of all of your debts could be denied.
I hope that the information which I provided was helpful to you.
Best wishes for a successful outcome. If you have additional questions, please do not hesitate to submit them to me directly.
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