Second bankruptcy

January 29th, 2006 by Questions

I declared bankruptcy in 91 and it has not shown up on my financial records for years. Now I am out of work and have a lot of debts and my only way out is to declare bankruptsy again. If this first one no longer shows up on my financial records do I still have to disclose that I declared bankruptsy in 91?

Questions

One Response to “Second bankruptcy”



January 30, 2006 at 9:16 am, Barton Goth, GCO Inc. Bankruptcy Trustees said:

Yes! You most defiantly do. If you fail to do so you will have essentially lied under oath, and opened yourself up to significant criticism in the discharge process. There are some subtle differences when you file a second bankruptcy that you should discuss with a licensed trustee and I recommend you do this right away as there are some significant amendments to the legislation that will ultimately make a 2nd time bankruptcy more difficult.

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