YES!! You can be prosecuted in Federal Court and be denied a discharge if you don’t answer all of the questions on the bankruptcy petition honestly. The forms are signed by you under penalty of perjury and it’s also extremely important to reveal your entire assets, debts and earnings.
Will bankruptcy stop a property property foreclosure?
Yes, but the bankruptcy must be filed prior to your home on the market. Upon filing the bankruptcy, we straight away notify the home loan business additionally the property property property foreclosure lawyers to advise them to end the property foreclosure. You are able to save yourself your house although you are far behind in re payments through the filing of chapter 13. when foreclosure is filed, you shall be contacted by companies claiming they are able to save your property. Making use of one of these simple organizations rarely works. Chapter 13 forces the mortgage business to avoid property foreclosure and enables you to get up on your own terms.
Will bankruptcy stop a garnishment?
Yes. We notify the creditor that a bankruptcy has been filed and the garnishment must be terminated when we file your bankruptcy. Continue reading “Do i must list every one of my assets and debts? Will bankruptcy stop a property property foreclosure?”