I own several acres of land in the Berkshires. In addition to my own home, there are 2 barns and a small cott....
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6/12/2013 15:30
by emc2 |
My wife wants to keep the house but she is on disability and what she makes monthly will barely pay the mortga....
Dear trulystuck: You're out of the house, paying rent on an apartment....
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6/11/2013 15:24
by trulystuck |
We are not happy with the way our painting contractor is doing the work.
he insist the the work is done right....
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6/10/2013 14:02
by hagit |
I have a lease that ends on July 31 that specified that the tenants must give 60 days notice to renew or move ....
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6/10/2013 12:02
by renterfornotmuchlonger |
My little dog attacked a neighbor's large dog. The large dog lifted my dog up at the neck, leaving a single bi....
I can see that point of view. Is that because my dog (and hence I) wa....
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6/8/2013 03:17
by Pou |
The company I use to work for had only been recently paying overtime pay. For a long time I wasn't even going ....
You should speak with a Massachusetts Wage & Hour attorney. A Massachu....
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6/7/2013 22:26
by rainperimeter |
Can an executor sell or transfer property from an estate without having all beneficiaries of the estate sign o....
Unfortunately, we have reached a critical point in this matter.
It'....
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6/6/2013 13:30
by executor428 |
I'm single mother of a child with autism, and I'm not happy with my district's educational plan for my son. ....
First, sorry about your frustration regarding your son and about your ....
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6/3/2013 08:04
by Angrymom2 |
As plaintiff in SC case, where a lis pendens has been issued against properties that the acting trustee will n....
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5/27/2013 20:56
by ackman |
Hi. Hopefully someone can give me some good information because I'm finding this all confusing. I was workin....
Yes, In Massachusetts, the attorney who handles your workers compensat....
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5/21/2013 10:30
by Timer88 |
If I am co-owner of our 2 family home and have agreed to pay the entire mortgage as part of the divorce settle....
Dear Fool-in-love: The divorce settlement requires you to pay the full....
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1/29/2013 20:41
by Fool-for-love |
Several of my colleagues will dictate consultation notes in which they state they don't have the complete hist....
The question probably boils down to whether or not such practice is wi....
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10/2/2011 18:37
by Anonymous |
Editor's Response
Yes, I certainly hope this is a hypothetical question. Clearly the facts and circumstances around the failure to disclose are relevant to this type of case. But YES, you can go to jail (or your hypothetical friend could go to jail). And even if you don't go to jail, your petition could be dismissed, leaving you in a world of trouble with the creditors circling. You are not the first person to consider this option, and bankruptcy trustees have the training and, in many cases, the experience to sniff out non-disclosed assets. Rather than playing games, I recommend you talk to a qualified Massachusetts bankruptcy attorney, someone who can devise an effective strategy for you to deal with your debts and get your life back on track. Good luck.
Lying on a bankruptcy
Lying on a bankruptcy petition is serious business. Your discharge could and likely will be denied. Your hidden assets, now un-exempt assets will be collected and sold, and that is the good news. You could face two years in jail and/or a fine up to $500,000. There is no reason to lie and risk these penalties. Debt is bad enough, fines and jail times are worse. The good news is that there are ways to prevent ANY and ALL assets from being liquated in bankruptcy. And in my experience the thing that you are thinking about hiding is likely exempt anyway.
Attorney Robert Kovacs