Tag Archives: assets

Bankruptcy Filings Today: Fewer Assets, Fewer Debts

Concerning bankruptcy filings today, the Albuquerque Journal reported recently that: “Consumers headed into U.S. Bankruptcy Court last year with substantially fewer assets and less debt than in 2010, a possible sign of the toll that the struggling economy has taken on some families, according to a just-released federal report.” I think that’s a fair conclusion. […]

Bankruptcy Problems You Can Avoid: Undisclosed Assets

The United States Bankruptcy Code obligates you to make a full disclosure of your financial affairs when you file bankruptcy.  You must list all of your debts, reveal detailed information about your income and expenses, and you must reveal information about your assets. In my 24 years of practice I have found that undisclosed asset […]