Michigan Bankruptcy Debts and Property
Michigan Bankruptcy Help

Do I have to list all debts and assets?

Yes.  If you knowingly and fraudulently conceal an asset from the court or fail to list all debts, you have committed a felony and can be fined up to $5,000, imprisoned for up to five years, or both. In addition, the court can deny you your discharge, or dismiss or convert your bankruptcy proceeding.