Can you hide bank accounts when filing bankruptcy? 22 Answers as of July 11, 2013

Is there any type of bank account that is not affected or will not appear on the record?

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The Law Office of Mark J. Markus
The Law Office of Mark J. Markus | Mark Markus
Not sure what you mean exactly by "affected", but the short answer to your question is: "no".
Answer Applies to: California
Replied: 6/24/2011
Jackson White, PC
Jackson White, PC | Spencer Hale
You must disclose every bank account. If you are caught trying to hide anything you will be kicked out of bankruptcy and will be indicted.
Answer Applies to: Arizona
Replied: 6/24/2011
Law Office of Dennis Jay Sargent Jr, PLLC
Law Office of Dennis Jay Sargent Jr, PLLC | Dennis J Sargent Jr.
This shouldn't even be considered a realistic consideration. The answer is an emphatic NO. Honesty and full and complete disclosure is the basis of filing bankruptcy. I tell all of my clients that if they are not willing to be 100% truthful than they need to find another attorney. As to the details of your question, all of your accounts need to be disclosed, but certain retirement accounts are not affected by bankruptcy.
Answer Applies to: North Carolina
Replied: 6/23/2011
Breckenridge and Walton
Breckenridge and Walton | Alan D. Walton
No. Hiding assets is fraud.
Answer Applies to: Michigan
Replied: 6/23/2011
Daniel Hoarfrost, Attorney at Law
Daniel Hoarfrost, Attorney at Law | Daniel Hoarfrost
You can't hide bank accounts or anything else.Otherwise, you could be held liable for a federal felony - bankruptcy fraud.
Answer Applies to: Oregon
Replied: 6/23/2011
    Indianapolis Bankruptcy Law Office of Eric C. Lewis
    Indianapolis Bankruptcy Law Office of Eric C. Lewis | Eric Lewis
    Are you for real? That would be fraud.
    Answer Applies to: Indiana
    Replied: 6/23/2011
    Cartwright Law Firm
    Cartwright Law Firm | Andrea Cartwight
    You must disclosed all assets including bank accounts in a bankruptcy. The failure to do may result in you being denied a discharge (eliminating your debt), fines and/or imprisonment. Therefore, it is important to advise your attorney of attorney of all your property that you own as well as being truthful with all your paperwork. Otherwise, your attorney can not properly advised you. Most assets are protected in bankruptcy, therefore being truthful is in your best interest. If you do not list the assets then you also jeopardize losing those assets. If you should have any further questions or concerns regarding qualifying for bankruptcy, please feel free to contact us. We offer free consultations, low fees and E-Z Payment Plans. For more information concerning bankruptcy, you may also visit our website.
    Answer Applies to: Michigan
    Replied: 6/22/2011
    Sariol Legal Center
    Sariol Legal Center | Frank R. Sariol
    You cannot hide anything when filing bankruptcy. Doing so will expose you to Federal criminal conviction and you WILL go to prison for a long time. Qualified retirement plans such as 401k, IRA, etc... will be exempt and cannot be reached by the creditors. Thank you.
    Answer Applies to: California
    Replied: 6/22/2011
    Law Offices of Joseph A. Mannis
    Law Offices of Joseph A. Mannis | Todd Mannis
    Hiding bank accounts would be a very self destructive strategy and you should probably think about hiring a criminal defense attorney.
    Answer Applies to: California
    Replied: 6/22/2011
    Bankruptcy Law office of Bill Rubendall
    Bankruptcy Law office of Bill Rubendall | William M. Rubendall
    All bank accounts, including those that have been closed, must be disclosed in the bankruptcy schedule B and the statement of financial affairs.
    Answer Applies to: California
    Replied: 6/22/2011
    Bird & VanDyke, Inc.
    Bird & VanDyke, Inc. | David VanDyke
    No. Failure to disclose all assets when you file for bankruptcy is bankruptcy fraud and is a crime.
    Answer Applies to: California
    Replied: 6/22/2011
    The Schreiber Law Firm
    The Schreiber Law Firm | Jeffrey D. Schreiber
    All assets must be disclosed. Failure to do so is a federal crime and can result in up to a $500,000 fine and five years in prison. And the FBI does actively investigate bankruptcy crimes.
    Answer Applies to: California
    Replied: 6/22/2011
    Symmes Law Group, PLLC
    Symmes Law Group, PLLC | Richard James Symmes
    When you file bankruptcy, all assets must be disclosed, including all bank accounts.
    Answer Applies to: Washington
    Replied: 6/22/2011
    Ursula G. Barrios Law
    Ursula G. Barrios Law | Guillermo Machado
    Only if you want to go to jail.
    Answer Applies to: California
    Replied: 7/11/2013
    Ashman Law Office
    Ashman Law Office | Glen Edward Ashman
    I find it incomprehensible that you have come to a law forum and asked lawyers how to commit a felony. You are asking how to be a criminal. That is appalling. What you are asking will get you five years in federal prison, a fine, and dismissal of your case (and seizure of the money). If a lawyer were to help you, he would share your prison cell.
    Answer Applies to: Georgia
    Replied: 6/22/2011
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