How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask cfortunato Your Own Question

cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8023
Experience:  Bankruptcy professor.
Type Your Bankruptcy Law Question Here...
cfortunato is online now
A new question is answered every 9 seconds

I have a bankrupcy debtor who has hidden all of his assets

Customer Question

I have a bankrupcy debtor who has hidden all of his assets and cash in a corporation he did not disclose in TWO filings.

I am looking for the proper forms and statutes to have him kicked out of BK court. The trustee was pretty useless, even though I brought the fraud to his attention before the creditors meeting. The trustee has already signed off on this as a "no asset" case, despite having no information about this corporation with the individual as the sole shareholder, and officer of the corporation.

I am only owed 10K, and I know there is at least this much in this corporation. Why would the Trustee sign off on a "no asset" Chapter 7 without considering this very obvious hiding of assets and cash? I feel like the trustee just rammed this through the system, but now I have a formal objection.
Submitted: 3 years ago.
Category: Bankruptcy Law
Expert:  cfortunato replied 3 years ago.

Hi JACustomer,

Did you attend the trustee meeting?

Have you brought the hidden assets to the trustee's attention?

Customer: replied 3 years ago.
Yes and yes.. He wrote me a lengthy letter stating that the corporation was not part of the BK, which is nonsense since the shares of it are held entirely by the debtor, and his only source of income.
Expert:  cfortunato replied 3 years ago.

What is the market value of the corporation - how much could it be sold for? (Keep in mind that no matter how much money the corporation makes, it cannot be sold if it cannot run without the current owner.)

Customer: replied 3 years ago.
We have no idea because no information was disclosed in the petition. This is why I don't understand how the trustee could sign off already. This was fraud.
Expert:  cfortunato replied 3 years ago.

If you think the corporation could have been sold and/or there was fraud involved, and if the Bankruptcy trustee will not address this, the next step is to report this to the US Trustee. The US Trustee supervises the Bankruptcy trustees.

You should be able to find his or her name and address on the Notice of Chapter 7 Bankrutpcy Filing you should have received when the case was filed. If you cannot find that information, you can get it by calling the clerk at the Bankruptcy court.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK

Meet The Experts:

  • FiveStarLaw


    Satisfied Customers:

    Bankruptcy Lawyer. Experienced.
< Last | Next >
  • FiveStarLaw's Avatar



    Satisfied Customers:

    Bankruptcy Lawyer. Experienced.
  • Terry L.'s Avatar

    Terry L.


    Satisfied Customers:

    Better Business Bur 15yrs bankruptcy experience. Chicago Bar
  • cortrightlaw's Avatar



    Satisfied Customers:

    Attorney practicing Bankruptcy Law including Chapter 7, Chapter 11, Chapter 12, and Chapter 13.
  • dylatess's Avatar



    Satisfied Customers:

    37 plus years of experience specializing in bankruptcy law
  • JoeLawyer's Avatar



    Satisfied Customers:

    Attorney in the practice of Bankruptcy Law since 1996
  • Brent Blanchard's Avatar

    Brent Blanchard

    Bankruptcy Attorney

    Satisfied Customers:

    Twelve years experience in all aspects of debtor & creditor BK.
  • A.J.'s Avatar



    Satisfied Customers:

    Experienced consumer bankruptcy attorney.
Chat Now With A Bankruptcy Lawyer
3102 Satisfied Customers
Bankruptcy professor.