I was in church the other day and a group of us was asked to write down a law that everyone must follow. The point of the exercise was to start a dialogue about consequences; after each of us wrote a law on the board, we discussed the consequences of obeying and disobeying that law.
When it was my turn to write a law down, I wrote “You must be honest with the bankruptcy court.” People often get the bad advice to put money in a friend’s account or save some money in a cookie jar so that they won’t lose it in the bankruptcy. This logic is absurd. The consequence of lying to the bankruptcy court is that you not only lose the money you were trying to hide, but you end up having to pay more money and could possibly go to prison.
If you are considering bankruptcy and would like to protect any money or property that you own, please come and talk to me, an experienced Arizona bankruptcy attorney that can help. I can give you advice on how to appropriately protect your assets (including cash) so that you can enjoy the benefits without risking your success in the bankruptcy.
The consequence of coming in for a FREE consult is a greater understanding of the bankruptcy laws and a brighter outlook on your future. Call (480) 648-8975 to set up an appointment.
Tags: bankruptcy process, fraud