A business owner was recently found guilty of bankruptcy fraud, a federal crime, for failing to disclose a transfer of an asset. In his defense, the business owner stated he did not list the transfer because he did not feel it was worth anything. Whether it has value or not, all assets must be listed in your bankruptcy. If you want to file for bankruptcy and don’t want to go to jail for a bankruptcy crime, feel free to contact us for assistance at 816-524-4949.