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question.jpgIn Bankruptcy

What might disqualify me from a Chapter 7 Bankruptcy case?

Besides having too many assets to qualify for Chapter 7 or an inability to meet the threshold eligibility requirements under the new bankruptcy laws, if you haven’t been honest with your creditors, you Chapter 7 Bankruptcy case may very well be challenged. For instance, if a bankruptcy judge learns that you have attempted to conceal assets, or if you have attempted to unload assets to friends or family to hide them from your creditors, your case may be dismissed. Furthermore, you should never run up your debts in anticipation of filing a bankruptcy case or conceal property or assets from a spouse.