In today’s society, we are all obsessed with sharing everything.
We share child prodigies dancing, funny videos of babies or dogs, but
mostly we use social media to let everyone know where we’re traveling,
what we’re buying and what we’re eating. Sharing is second
nature to us, which is why many individuals that file for bankruptcy end
up in trouble with the law. Over the past 25 years, our attorneys have
worked with thousands of clients to help them out of their financial crisis.
If you are thinking of filing for bankruptcy, consider reading the following
blog from an experienced
Chula Vista bankruptcy lawyer discussing what to consider before posting on social media after filing
for bankruptcy.
Investigators & Bankruptcy
When you file for bankruptcy, you are required to provide information regarding
your assets, income, and debt. It is required by law that you accurately
list this information in order to move forward with your bankruptcy case.
To ensure you have thoroughly reported your assets, your creditors will
also launch investigations of your social media accounts in search of
any evidence of information to prove your report was incomplete.
Information Bankruptcy Investigators Look For
In an effort to prevent bankruptcy fraud, credit investigators comb through
your public social media posts for any red flags that may not have been
disclosed when you filed. What kind of posts are these investigators looking
for? Investigators search your posts for any fancy dinners, extravagant
spending sprees, vacations, new jewelry, cars or boats. Social media can
also indicate changes in status. For example, if you have filed your bankruptcy
claim under the income of one job and recently gained employment from
another you income would change. After an income change, investigators
could poke holes into your credibility for bankruptcy.
What If My Business Files For Bankruptcy?
When businesses file for bankruptcy, credit investigators could examine
both the business’s social media accounts and the executives’
personal social media accounts for any potential assets that could be
a source for recovery claims.
Don’t Withhold Information From Your Chula Vista Bankruptcy Attorney
If you are considering filing for bankruptcy, it is important to understand
that your
Chula Vista bankruptcy attorney is on your side. Never withhold information or lie about your assets to
your attorney; instead, disclose what assets you have and be honest about
what property is important for you to keep. We can work with you to develop
a bankruptcy plan that best fits your needs.
Ready to get your finances back on track? –Call today to schedule your free consultation.
