Bankruptcy is for the honest debtor who got in too deep financially and needs a fresh start. Bankruptcy court is not the place to try to skirt the law
if you have engaged in any of the following activities you should consult with a bankruptcy attorney before you file:
- Selling assets to friends or relatives for less than the property is worth
- incurring debts for luxury items when you can’t afford them and have no intent to pay
- any attempt at concealing property or money from creditors.
More. Info:
See Chapter 1 of HFB, "Who Cannot File For Chapter 7" (free sample chapter)
The content of this article pertains to all US states and counties.