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Misconception #4 About Bankruptcy

| Jun 23, 2010 | Bankruptcy Means Test, Chapter 13 Bankruptcy, Chapter 7 |

We can protect our property by hiding it or giving it away before we file. NO! It’s a crime to hide property and not disclose it. It’s also a crime to give away property or assets without telling the Court in the bankruptcy petition. The Trustee will seek to recover any property wrongfully transferred prior to a bankruptcy filing. When preparing for bankruptcy it is best to schedule an appointment to meet with an attorney if you have any questions.

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