YES!! if you do not respond to every one of the concerns on the bankruptcy petition truthfully, you will be prosecuted in Federal Court and stay rejected a release. You signal the kinds under penalty of perjury and it’s also important to reveal all your assets, debts and earnings.
Will bankruptcy stop a property foreclosure?
Yes, but the bankruptcy must prior be filed to your home on the market. Upon filing the bankruptcy, we straight away notify the home loan business while the property property foreclosure solicitors to advise them to get rid of the property foreclosure.