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Why? For the reason that for the duration of your proceedings, a bankruptcy trustee could have usage of your economic documents. Whenever they find concealed property and income, you may face quite a few penalties. Plus, your situation is often dismissed, and you may be banned from filing bankruptcy on All those debts ever again.– Common Lawful
The trustee may also undo security passions and various pre-filing transfers that weren't completed effectively. For example, transferring your property to your relative before filing bankruptcy may be dealt with like a fraudulent conveyance and undone by a trustee.But in case you borrow from family or good friends, bear in mind Anything you’re e