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Disclosure U.S.C. §
5279a)(2)If you
file bankruptcy:
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The
information that you provide to your attorney, the bankruptcy trustee, and
the court
in the course of your bankruptcy, both before and after you file your
bankruptcy petition,
must be complete, accurate and truthful.
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All of your
assets (everything you own that has value, such as real estate, personal
items,
vehicles, money, etc.) and all your liabilities (0f all your debts) are
required to be completely
and accurately disclosed in the documents filed to start your case, and
the replacement
value of each asset must be stated in those documents where requested
after reasonable
inquiry to establish their value. The value should be your best
understanding of how much
it would cost you to replace the item in the same or similar condition.
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You must provide your
attorney with the monthly budget, including your current monthly income, all of your regular expenses, and the amount of you income that is
left over after
deduction of expenses. In listing your income and expenses, try to
avoid guessing or
estimating, and do your best effort to be accurate and truthful.
For income, you are required to provide information about all sources of
your income,
including your employment, any government assistance you may receive,
social security,
pension or other retirement income, income from side jobs, investment
income, and similar
sources.
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The information that you
provide to your bankruptcy attorney, the bankruptcy trustee, of the
bankruptcy judge may be audited and will be available for inspection o
the office of the
United States Trustee, which is a branch of the U.S. Department of
Justice.
If you fail to honestly and fully provide information about your property,
income, expenses,
and other financial circumstances, your case could be dismissed, and you
could be subject
to criminal sanctions. |
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