http://www.bankruptcylawnetwork.com/2007/06/03/the-perils-of-guessing-the-ford-case/ Real Lawyers, Real Solutions Thu, 11 Mar 2010 21:25:57 -0700 http://wordpress.org/?v=2.9.2 hourly 1 http://www.bankruptcylawnetwork.com/2007/06/03/the-perils-of-guessing-the-ford-case/comment-page-1/#comment-6089 Words and Phrases Lawyers Never Like to Hear from Their Clients at Bankruptcy Law Network - Real Lawyers, Real Solutions Wed, 27 Jun 2007 03:31:02 +0000 http://www.bankruptcylawnetwork.com/2007/06/03/the-perils-of-guessing-the-ford-case/#comment-6089 [...] failure to disclose assets - any asset that you own must be disclosed in your bankruptcy case. Did your elderly mother in a nursing home add you to her bank account as a matter of convenience? You most likely have ownership in that bank account even if you don’t consider the money to be yours. Do you have a possible claim against someone. Even if your currently don’t intend to pursue it, you should list it, otherwise your failure to disclose may very well estop you from pursuing that claim. Don’t guess about whether you own something - ask your lawyer [...] [...] failure to disclose assets – any asset that you own must be disclosed in your bankruptcy case. Did your elderly mother in a nursing home add you to her bank account as a matter of convenience? You most likely have ownership in that bank account even if you don’t consider the money to be yours. Do you have a possible claim against someone. Even if your currently don’t intend to pursue it, you should list it, otherwise your failure to disclose may very well estop you from pursuing that claim. Don’t guess about whether you own something – ask your lawyer [...]

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