Episode 32: Why Lying on a Bankruptcy Petition is a Bad Idea
Financial Freedom Podcast - A podcast by Steven J. Richardson, Esq.
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One of the simplest and easiest ways to get into trouble (and go to jail) in your bankruptcy is to lie on your petition. Whenever you file for bankruptcy you sign a document, under oath, that you have fully disclosed everything you own, everyone you owe, everything you earn, and everything you spend. Unfortunately, not everyone follows this rule and tries to get away with hiding something, whether it is an asset they own or a stream of income. With the Abby Lee Miller case in the news again, I thought I would talk in this episode of the podcast about how the star of the reality TV show “Dance Moms,” is going to jail because she decided to hide a large portion of her income from her trustee and the bankruptcy court.
