The great majority of bankruptcy petitions get through the system without a hitch. Let’s face it, the Bankruptcy Process can be a scary thing for a lot of people; the last thing you need is to get in trouble for what would otherwise be a routine procedure. We want to make sure you are one of those people who receive that fresh start!

When someone files for bankruptcy, they are “asking” (the official word is “petitioning”) the Bankruptcy Court to be relieved of all their dischargeable debt. The bankruptcy petition that your attorney prepares and files with the Court has various sections called “schedules,” that ask you questions about your debts, your income, and your assets.

It should go without saying, but you need, to the best of your ability, tell the truth on your paperwork. Remember, the paperwork that is filed with the court is, in effect, your testimony, so full disclosure is not only necessary, but it’s simply the right thing to do! There can be severe consequences for willfully falsifying information or omitting it out altogether. This is why it’s important you let the Attorneys at Skrupa Law Office, LLC become aware of any and all information about your situation so it may be properly disclosed on your schedules.

Be aware that you are asking the Bankruptcy Court for a huge “favor;” that is to be relieved of all your debt. One thing the Court requires in return is an honest accounting of your income, assets, and debts. The Attorneys at Skrupa Law Office, LLC can guide you through this process so as to make the whole bankruptcy process go as smoothly as possible. Remember, when in doubt, ask your attorney!