Legal Question in Bankruptcy in Ohio

Assets

I have already appeared before a trustee regarding my chapter 7 bankruptcy. I have several bank accounts, some of which are inactive. (obsessive-compulsive) I have three checking accounts that I use regularly. I also have an internet savings account and an internet stock account. The savings account has less than $100.00, and the stock plan $270.00. I also had three stock certificates which were surrendered to the trustee. The other accounts are kept open by covering service charges. The trustee asked for information regarding the three checking accounts. I gave copies of all information to my attorney, but during the trustee meeting, I was embarrased to tell him that I had these other accounts. I told him about savings bonds, but did not mention the internet accounts. Since I will be providing copies of my bank statements, there will be amounts showing for these accounts. Should I provide copies of these accounts even though I did not reveal them in the meeting?


Asked on 2/26/03, 9:48 pm

1 Answer from Attorneys
Jay Maynard Attorney at Law

Re: Assets

Yes -- you should reveal all the information on all the accounts you have. You are walking on "thin ice" if you don't. The court can easily pull a report on you and if they find you have hidden assets, you could be accused of fraud and possibly fined. You need to alert your attorney at once.

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Answered on 2/27/03, 2:04 pm


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