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The Importance of Honesty in a Bankruptcy Filing

Filing for bankruptcy can be a source of distress for anyone. However, an attorney may be able to help someone work quickly through the necessary paperwork and start the legal process of eliminating their debts. During this time, it is essential for a person to disclose all and any debts they may owe. When it comes to bankruptcy, honesty and full disclosure are extremely important for a debtor.

If you are considering a bankruptcy filing, our experienced advisors can help you to avoid mistakes which could lead to the rejection of your case. For more information about our full range of services, contact the Joliet bankruptcy lawyers at the Law Offices of Stuart B. Handelman, P.C., by calling 815-722-2201 today.

Problems with Omissions and Deceptions

Some debtors may think that they can leave certain creditors out of their bankruptcy proceedings. Sometimes, creditors may be close friends or personal acquaintances. This sort of connection may leave someone wanting to pay that creditor in full separately from other debtors. However, these omissions can raise the following issues:

  • Allegations of fraud
  • Disrupting fair dealings with other creditors
  • Not properly discharging certain debts

On the other side, debtors who hide their assets, not their creditors, can face significant legal penalties.

Contact Us

If your debts have become too much for you to handle, we can help you to determine whether bankruptcy may be a possible solution to your current difficulties. To learn more about your rights and obligations as a debtor, contact the Joliet bankruptcy attorneys of the Law Offices of Stuart B. Handelman, P.C., at 815-722-2201.