Must I list all of my debts in bankruptcy?

amendment, bankruptcy fraud, bapcpa, chapter 7, reaffirmation agreementLeave a commentTerrance Leeders

Recently, I received an email asking about filing a chapter 7 bankruptcy The writer asks:

"Do I choose which debts I want to include in my bankruptcy or does the trustee do this? I have a bank loan for my truck which I pay on time and I want to keep my truck and keep making payments. Do I have to include this loan in my paperwork for a bankruptcy? What happens if I don't include it?"Answer: All debts must be listed in the bankruptcy petition. You can select to 'reaffirm' certain debts. ...

Substantial Abuse, Bankruptcy Planning & Chapter 7 bankruptcy

Bankruptcy, bapcpa, case law, chapter 7, substantial abuseLeave a commentTerrance Leeders

What does one have to do, or in this case from Wisconsin, NOT DO, to create substantial abuse ?RECENT CASES: Feb. 6. 2007Chapter 7 Debtor who fails to aggressively seek out work before the case is subject to dismissal based on the totality of the circumstances. 'Substantial abuse' is now just 'abuse.'The court noted: " ... this Court concludes that a debtor who lacks the ability to pay because she has not engaged in a broad employment search, does not wish to work outside her chosen field,...