Bankruptcy law requires that bankruptcy attorneys share with you the following rules. They are given as information and not as an attempt to scare you from filing bankruptcy. Bankruptcy is a right provided to you under federal law. These rules are only given to prevent people from intentionally abusing this process by cheating and being dishonest. Informing a consumer of these rules is required by law under the Bankruptcy Reform Act enacted by Congress in 2005 under intense lobbying by the credit industry and should not intimidate you from filing bankruptcy. Our office has assisted people with filing bankruptcy for over 25 years. During that period of time, we have noticed that almost all of our clients are honest and hardworking people who, due to circumstances beyond their control, cannot repay their debts.
If you don’t follow these rules, you could be subject to criminal sanctions. If you do not follow these rules your case could be dismissed and you may not be able to re-file your case.
Rule #1 – The information you give to an attorney, a staff member of the law firm, the bankruptcy trustee, or the bankruptcy court that is provided with your petition and during the case must be complete, accurate, and truthful.