123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Legal >> View Article

Colorado Bankruptcy Attorney

Profile Picture
By Author: Shelby Lara
Total Articles: 100
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

I was in a consultation the other day with a potential client. He had been unemployed for several months, so I asked him how he had been making ends meet. He told me that he had gotten a loan from a family member, but that he didn't want to include it in the bankruptcy.

I took a deep breath and prepared for what I knew was coming next. I told him that the Bankruptcy Code requires debtors to list all of their assets and the debts in their petition and that he couldn't simply leave this loan off. "How will they know," he asked. I explained that bankruptcy trustees are very experienced at looking at petitions. Petitions are pictures of a person's financial life. The pictures have to make sense. "If I have a question about how you've been able to support yourself for the last few months, then so will the trustee," I said. The trustee is going to want to know how he paid his bills if he's been unemployed.

I also told him that if he wanted the kind of lawyer that was willing to submit a false petition, then I probably wasn't the lawyer for him. I have yet to meet the client for whom I am willing to sacrifice my livelihood.

The ...
... bottom line is that you must follow the Golden Rule of Bankruptcy: Disclose, Disclose, Disclose. The Code requires it. I abide by it. In exchange, you'll get a fresh financial start and not have to worry about the trustee's scrutiny. We'll beat him to the punch by showing that we have nothing to hide.

If you fail to disclose everything, you risk having your case dismissed. That means that if you filed bankruptcy to stop creditors from harassing you or garnishing your wages, they'll get another chance to do just that. You also risk being charged criminally for lying to the court and risk fines and jail time, all for something that we could have addressed by following Bankruptcy's Golden Rule.

I met with this potential client a couple of weeks ago. I haven't heard from him since. I hope he's still thinking about whether or not to file and hasn't gone to another lawyer who he'll keep information from.

If you live in Colorado and are considering bankruptcy, you should contact a Colorado bankruptcy attorney to discuss your options. Remember the only way she can help you is if you tell her everything. Otherwise, you could find yourself in hot water.

For more information about Denver Colorado Bankruptcy Lawyer, please visit us.

Total Views: 306Word Count: 424See All articles From Author

Add Comment

Legal Articles

1. Bail Lawyer In Cyber Crime Case In Delhi – Advocate Deepak: Your Trusted Legal Partner
Author: Advocate Deepak

2. Chicago Personal Injury Lawyers
Author: Paul M. Marriett

3. The Bruner Law Firm
Author: Vince Bruner

4. Bail Lawyer In Cyber Crime Cases In Noida: Advocate Deepak
Author: Advocate Deepak

5. The Journey Of Lady Advocates In Chennai's Male-dominated Field
Author: Sonu Kumar

6. Best Cyber Crime Lawyer In Ghaziabad – Advocate Deepak
Author: Advocate Deepak

7. Revealed: Secret Strategies To Dominate Government Sales On Gem!
Author: Bidz Professional

8. What To Look For In An Experienced Ri Divorce Lawyer
Author: John Grasso

9. Everything You Need To Know Before Investing In Saudi Arabia
Author: jodonjo

10. Spousal Alimony In California: What It Is And How It's Decided
Author: Thomas D. Nares

11. Balancing Investor Protection And Industry Growth: Sebi Lawyers' Take On Investment Advisers’ Reforms
Author: Dev kumar

12. "transparent Processes: Building Public Trust Through Stringent Pcc Attestation Measures"
Author: shareeba

13. How To Open An Llc As A Saudi
Author: jodonjo

14. Navigating The Road To Recovery After A Minneapolis Truck Accident: Why A Local Attorney Is Key
Author: sussmanlaw

15. Uk Spouse Visa Explained: How To Join Your Partner In The Uk
Author: The SmartMove2UK

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: