Legal Question in Bankruptcy in California

Knowledge of Bankruptcy Fraud

I have first hand knowledge that someone I know perjured herself while estimating her assets on her bankruptcy filing. Can I inform the trustee? All it would take is a visit to this person's home and they would see her value of $300.00 for furnishings and household goods is a blatant lie. Do they make any attempt to verify what is on the forms? How can they take their word for it , oh, because they signed a paper that said they were being truthful. That's a joke - afterall they also signed a contract agreeing to pay their debt. :(


Asked on 2/26/09, 2:45 am

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: Knowledge of Bankruptcy Fraud

Each item of household goods is exempt in an amount slightly more than $500. That is the resale value, rather than the replacement value. If you believe the schedule is substantially understated and the person perjured herself, if you are a creditor you can question the debtor at the creditors' meeting, or bring the matter to the trustee's attention. If the petition is wholly fraudulent, it might be dismissed.

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Answered on 2/26/09, 3:56 am


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