If you are filing bankruptcy you may be wondering, can my bankruptcy discharge possibly not go through? This is a common worry and I can see why. If you do all the work of filing a bankruptcy, you don’t want to last second not receive a discharge of your debts. I am here to tell you not to worry- read on to find out why.
If you are telling the truth in your bankruptcy schedules and testimony, not hiding anything, and not trying to defraud your creditors or the court. There really is nothing to worry about.
Although, revoking a discharge or objections to discharge can happen, they usually occur because of fraud, depleting or destroying assets of the estate, lying, or not following the bankruptcy law and rules of the court.
For example, if you file bankruptcy and do not list all of your property on purpose to hide it from the bankruptcy estate, you very likely will wind up with an objection to discharge and possibly court fines and penalties.
There is a big difference in accidentally not listing property and disclosing right away that you forgot it and purposely not listing assets. If it was truly an accident and you disclose the error right away, you likely will have nothing to worry about in terms of an objection to discharge.
Bottom line when you file bankruptcy make sure you list everything you own, are truthful, do not hide anything, and follow the rules of bankruptcy. If you do these things you shouldn’t worry about your discharge not being granted.
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For any questions you have regarding your bankruptcy discharge, visit www.lifebacklaw.com to speak with an attorney today. You will be glad you did!