Bankruptcy is a very important and very powerful tool to discharge your debts and restructure your finances. But it requires that you be forthright. We will ask you about your assets and your debts and you must tell us everything. All of the cash, the money under the mattress, the rings that auntie gave you. We want to know about properties that you own or that you have an interest in, whether they were from your family or businesses that you had in the past.
The more that you disclose, the better your attorney can prepare your petition schedules and give a forthright and clear view to the court and the administrators and the trustees. Not disclosing assets is always harmful. It is better to tell and let us properly exempt and disclose.