Believe it or not, your bankruptcy lawyer needs your help. The success of your bankruptcy is tied to the accuracy and completeness of your bankruptcy petition and supporting documents. Your bankruptcy attorney understands this, but is dependent upon you to provide accurate and complete documentation. You can help your bankruptcy attorney maximize your chances for a successful outcome in your bankruptcy by doing 3 things: (1) providing complete information; (2) ensuring that your information accurate; & (3) being honest with your Sacramento bankruptcy attorney.
Your bankruptcy schedules and statements will require supporting documentation. For instance, if you report a 50% interest in a vacation home you will need to provide documentation to that effect. Likewise, your income information will require documentation such as pay stubs or an updated profit and loss statement for business income. If you cannot provide complete documentation the information you list in your documents will be assertions without supporting evidence.
The information you report must be accurate. The accuracy of your information will be essential to the success of your bankruptcy. Inaccurate information will invite scrutiny by the Trustee and enhance your risk of committing a bankruptcy crime. For instance, inaccurately reporting your assets may be construed as an attempt to fraudulently conceal assets.
Being honest with your bankruptcy attorney can save you difficulty down the road. Some clients believe that by hiding information from their bankruptcy attorney they can avoid complications. For instance, some clients may not disclose all of their assets to their attorney in the hope of hiding those assets from Trustee and by extension avoid liquidation. Conduct like this will not only result in a denial of discharge by will also constitute a bankruptcy crime.