December 1, 2015
A Debtor was sentenced to 120 days of home confinement for the crime of making a false declaration. In addition, the Debtor must also service a 1-year term of court supervision. The ex-wife (Debtor) filed a Chapter 7 Bankruptcy Petition seeking to discharge $22,782 in Debt. Two months later, the Debtor received $108,400 in income as part of a divorce settlement. The money came from her ex-husband’s IRA and she did not report this income.
The Debtor was also denied a discharge. You must be completely truthful when you ask the government for bankruptcy relief.