Law Offices of David A. Tilem

Put your financial crisis behind you.

March 2016 Archives

Keeping Debtors Honest During Bankruptcy

The trade off for the "fresh start" you get by filing bankruptcy is that you have to let your creditors know you're seeking bankruptcy relief and may be wiping out your obligation to pay them. Consequently, bankruptcy cases are public record and creditors who have information about debtors are able to present that information to the Bankruptcy Court. This forces debtors to be honest about their circumstances.