Bankruptcy and the Need for Honesty

We deal with clients in Fort Collins who are concerned about their financial future.  A common thought process for people who have considered Chapter 7 or Chapter 13 Bankruptcy in Fort Collins Colorado is to shelter their assets and try to sneak them through the other side of the Bankruptcy ruling.  We strongly encourage against such actions because of both legal and moral reasons.

Let’s start with the legal reasons, since that is why you are on this site in the first place.  If you make erroneous statements which can be proven were intenionally false, you can be charged with perjury and have a felony on your record.  Is keeping the big screen TV really worth having a felony?  The court will have access to all of your financial records and can research whatever is necessary to ensure you are dealing fairly with your creditors.  The court must satisfy two goals.  The first goal is that of protecting the victims of the bankruptcy, which is the creditors.  Secondly, they are aiming to give the filer of the Chapter 7 or Chapter 13 bankruptcy a “fresh start.”

We are not here to preach morals, as you assuredly have friends, family, and a faith community to help with this.  However, we would strongly discourage lying as a means to try and acheive greater financial gains as going to bed with a clear conscience is worth far more than keeping a few bucks or that favorite toy.  Besides, once you are clear in your finances, who’s to say you can’t save up again and get a nicer version of that toy you really want to keep.  With a fresh start and some hard work, a bankruptcy filing in Fort Collins can be the fresh start that helps turn around your financial future.  That is our goal in taking you on as a client, and we hope your goal is to do things intelligently, but legally in your bankruptcy filing in Fort Collins Colorado.