How Bankruptcy and Social Media Interact

What does Facebook have to do with your federal bankruptcy petition? Well, it may have more than you might think. When you sign a bankruptcy petition, you are attesting that your assets and debts are correctly listed. The bankruptcy court is always on the lookout for fraud and if you aren’t telling the truth, Facebook just might give you away. Why? Many people will post pictures on Facebook of their vacations, cars, boats or other toys that they might have. Make sure that you have told the truth on your bankruptcy petition and that your latest posting on Facebook does not result in suggestion by the court that you have engaged in bankruptcy fraud.

If you have a question about the bankruptcy process and your financial situation, give us a call today.

 

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