DiSante Law Offices      Littleton, Colorado

 
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 Up FAQ's - GENERAL FAQ'S - CHAPTER 7 FAQ's - CHAPTER 13 DIRECTIONS & MAP FREE CONSULT FORM HELPFUL LINKS PREPARING TO FILE STATUTORY DISCLOSURES

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THE FOLLOWING DISCLOSURES ARE REQUIRED BY 11 U.S.C. § 527(a)(2)

(A) all information that the assisted person is required to provide with a petition and thereafter during a case under this title is required to be complete, accurate, and truthful;

(B) all assets and all liabilities are required to be completely and accurately disclosed in the documents filed to commence the case, and the replacement value of each asset as defined in § 506 must be stated in those documents where requested after reasonable inquiry to establish such value;

(C) current monthly income, the amounts specified in section 707(b)(2), and, in a case under Chapter 13 of this title, disposable income (determined in accordance with § 707(b)(2)) are required to be stated after reasonable inquiry; and

(D) information that an assisted person provides during his or her case may be audited pursuant to this title, and failure to provide such information may result in dismissal of the case under this title or other sanction, including a criminal sanction.

If you have any questions about any of these disclosures, we will be happy to provide further explanation.