http://www.allmandandlee.com/bankruptcy_blog/dallas_bankruptcy/your-bankruptcy-attorney-and-you-honesty-really-is-the-best-policy/ Bankruptcy Attorney Reed Allmand Wed, 03 Feb 2010 13:22:05 -0600 http://wordpress.org/?v=abc hourly 1 http://www.allmandandlee.com/bankruptcy_blog/dallas_bankruptcy/your-bankruptcy-attorney-and-you-honesty-really-is-the-best-policy/comment-page-1/#comment-2492 Reed Allmand Wed, 02 Sep 2009 04:22:02 +0000 http://www.allmandandlee.com/bankruptcy_blog/?p=2376#comment-2492 There is the tendency to withhold information and hope for the best. That is not the best strategy. You are paying your attorney for advice and counsel. If you are afraid of losing assets in bankruptcy and you don't disclose them to your attorney you are making a bad situation worse. Your attorney can give you advice on how to ethically protect the property using exemptions and pre-bankruptcy planning. Your attorney knows where the line is between acceptable pre-bankruptcy planning and bankruptcy fraud. You don't want to turn a civil matter to discharge debt in bankruptcy into a federal crime. There is the tendency to withhold information and hope for the best. That is not the best strategy. You are paying your attorney for advice and counsel. If you are afraid of losing assets in bankruptcy and you don’t disclose them to your attorney you are making a bad situation worse. Your attorney can give you advice on how to ethically protect the property using exemptions and pre-bankruptcy planning. Your attorney knows where the line is between acceptable pre-bankruptcy planning and bankruptcy fraud. You don’t want to turn a civil matter to discharge debt in bankruptcy into a federal crime.

]]> http://www.allmandandlee.com/bankruptcy_blog/dallas_bankruptcy/your-bankruptcy-attorney-and-you-honesty-really-is-the-best-policy/comment-page-1/#comment-2473 Jacob Sparks Mon, 31 Aug 2009 22:30:30 +0000 http://www.allmandandlee.com/bankruptcy_blog/?p=2376#comment-2473 People's misconceptions about the consequences of full disclosure are a barrier to effective representation. If someone discloses everything then their attorney can arm them with information about how the nuances of bankruptcy law apply to their financial situation; on the other hand, if they choose not to disclose information to the person who is supposed to acting as their advocate then they have single-handedly made their situation worse instead of better. People’s misconceptions about the consequences of full disclosure are a barrier to effective representation. If someone discloses everything then their attorney can arm them with information about how the nuances of bankruptcy law apply to their financial situation; on the other hand, if they choose not to disclose information to the person who is supposed to acting as their advocate then they have single-handedly made their situation worse instead of better.

]]>