Is it illegal to take out an installment loan to pay for bankruptcy and attorney fees and not include it in the bankruptcy? 4 Answers as of October 03, 2017

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Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Yes.
Answer Applies to: California
Replied: 10/3/2017
Ronald K. Nims LLC | Ronald K. Nims
In a bankruptcy, you file on all your debts. You don't have the right to pick and choose which debts are included. Some debts, like mortgages and car loans, you can keep so you keep the property but unsecured installment loans can't be reaffirmed. If you take out a loan that you don't intend to repay, the bankruptcy court can deny your discharge.
Answer Applies to: Ohio
Replied: 10/2/2017
Richard B. Jacobson & Associates, LLC | Richard B. Jacobson
On your bankruptcy papers you must include every single debt or claim you have and disclose all your property. If you take out a loan shortly before filing a bankruptcy in order to pay for it, then you must pay that debt. Otherwise you will have committed fraud. And that can get you into a lot more trouble.
Answer Applies to: Wisconsin
Replied: 10/1/2017
Law Office of Kimberly Fives | Kimberly Fives
Yes.
Answer Applies to: California
Replied: 10/1/2017
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