Reasons Why a Chapter 7 Bankruptcy May Be Denied

 

The court may not issue a chapter 7 bankruptcy discharge if you fail to maintain acceptable financial records or books – also if you do not bring the records or books to court with you.  You may be denied if there is not a good explanation for the loss of assets.  It is very important not to lie or say anything misleading regarding any aspect of your financial situation.  Also, if you fail to mention something pertinent to the case, you may be denied a Chapter 7 bankruptcy discharge.

 

This entry was posted by admin on December 14, 2007 at 12:42pm. It is filed under Finance :: Mortgage & Debt.

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