Perjury in Bankruptcy Cases: Consequences

Perjury in bankruptcy cases is a federal crime. All court documents require that you sign a statement certifying that all relevant information is both truthful and completely accurate. Intentional failure to provide accurate information regarding bankruptcy cases compromises the outcome of the case.

If you choose to present inaccurate information to your attorney or the court, you will get caught. Bankruptcy cases are often open to the public. An old partner or a creditor could show up to prove that you are hiding important details of your bankruptcy case. If you hide information from the court and your witnesses provide information that does not match your statements, you will find yourself under suspicion of perjury.

If the FBI has any reason to suspect that you are not telling the whole truth, you will be subject to investigation and all of the consequences of bankruptcy perjury.

Consequences of Bankruptcy Perjury

The consequences of perjury in bankruptcy cases are no laughing matter. Your attorney will have a hard time getting you out of any of the following punishments for bankruptcy perjury:

• Up to 5 years jail time in a federal prison.
• Fines of $250,000 or more.
• Loss of bankruptcy case discharge or debt forgiveness.
• Publication of your bankruptcy perjury case in public notices for all to see.
• You credit record will list bankruptcy and perjury.

Not only will you be subject to jail time and hefty fines, you may be permanently banned from court for any future hearings.

What Your Lawyer Can Do For You

Your attorney cannot protect you if you don't disclose all pertinent information. The more your attorney knows about your particular situation, the better they can build your bankruptcy case. No decent attorney will compromise their career by allowing a client to commit perjury.