National Association of Consumer Bankruptcy Attorneys
Gold star Certificate 2014
Gold star Certificate 2013
BBB Gold Star

It’s Advantageous to be Honest When Filing Bankruptcy

As an experienced Denver bankruptcy lawyer, I’ve been lucky to hardly ever come across situations where the debtor was not being fully honest with either myself, any creditors, the bankruptcy trustee or even the Colorado Bankruptcy Court. But, even once in a blue moon, I encounter borderline or outright fraudulent activity.

A debtor is required to fully disclose all income and expenses as well as assets and liabilities on the bankruptcy schedules. A debtor is also required to be fully honest with the trustee and creditors at what is likely to be the only hearing at which he/she will be present: the 341 Meeting of Creditors.

A dishonest bankruptcy debtor can be denied a discharge. What this means this that none of the unsecured debts intended to be eliminated will go away, thus retroactively reviving all of the debts. In addition, the trustee may still attempt to compel turnover of any assets not exempt from the bankruptcy estate at the time of the filing, thus causing the non-exempt assets to be liquidated and paid to creditors.

For any debtors who have already been granted a discharge, the court may revoke the discharge as if the discharge was never entered. Even worse is the possibility of the debtor facing criminal charges for bankruptcy fraud.

The honest and ethical debtor will be relieved of the debt intended for discharge, and will obtain a fresh start in life (at least financially). You never want to hide or conceal assets or income and risk losing the true benefits a discharge can offer.

Client Reviews
David Serafin is a talented and respectful attorney that works hard to get the best results for his clients. He's thorough at reviewing client cases and patient at explaining all the available options. I would certainly recommend him to anyone searching for help with a bankruptcy, a tax situation or estate planning. A. K.
Mr. Serafin is a consummate professional and his hard work and legal advice are second to none. He will give you outstanding personalized legal service, and you will be glad you chose him as your attorney. While some lawyers have a bad reputation for lacking ethics, Mr. Serafin holds himself to the highest of ethical standards and is in good standing with the Colorado bar. Pick Mr. Serafin for your tax and other legal needs - you will be glad you did. R.S.
If you are in need of a excellent attorney who will provide you support, guidance, professionalism, and most importantly, INTEGRITY. David does it all! I would not pass up his due diligence! R. T.