When people file for Bankruptcy they are required to be utterly transparent. As the US Supreme Court has said dozens of times, Bankruptcy provides a fresh start to the honest debtor. Most people are surprised to learn that their personal, moral, definition of honesty may not be as forgiving as the law’s definition of that term.
Often, the internal, moral sense, of honesty that people who are embarrassed and ashamed of having to seek Bankruptcy protection influences the way that they provide information. Even though they are told to be truthful and complete, to list every asset and every debt, they can tend to pick and choose based upon their own moral interpretation.
The problem is that making mistakes, even making bad choices, may have brought a person to the Bankruptcy Court, but, with a very few exceptions, those mistakes and bad choices will not likely deny them a discharge of their debts. But, failing to be transparent with the Bankruptcy Court itself will, very likely, result in denial of discharge.
The moral to the story is this: Tell your bankruptcy lawyer everything. Do not hold back, filter or manipulate the information. Bankruptcy is a remedy for the honest debtor, honesty with the system is the key to a fresh start.
This article is written by an attorney at Attorney Donald Wyatt PC. Always consult an attorney before making any legal decisions. To make an appointment today for a free consultation, please click here to contact us.