QUESTION
Is it illegal to take out installment loan to pay for bankruptcy and attorney fees and not include it in the bankruptcy?
Asked on Sep 30th, 2017 on Bankruptcy - Wisconsin
3 ANSWERS
Bankruptcy Law Attorney serving Livingston, NJ
Partner at
Law Office of Stuart M. Nachbar, P.C.
2 Awards
Yes, it is because it would be deemed that you never intended to pay for it.
Answered on Oct 03rd, 2017 at 7:43 AM
Bankruptcy Attorney serving Madison, WI
at
Richard B. Jacobson & Associates, LLC
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You must list all your debts on the bankruptcy papers. If you take out alone shortly before filing a bankruptcy petition, then that is a loan that you must repay.
Answered on Oct 03rd, 2017 at 7:42 AM
Any debts in existence at the time of filing must be disclosed under penalty of perjury.
Answered on Oct 03rd, 2017 at 7:42 AM