Failing to Disclose a $46,000 Diamond Ring in Bankruptcy is Fraud

In bankruptcy, you must disclose all of your assets.  An Idaho couple failed to disclose a $46,000 diamond ring because the wife had thrown it in a lake when she discovered that her husband had been unfaithful.  Failure to disclose assets in a bankruptcy can result in all of your debts coming back to haunt you and possible jail time.  If you are thinking about filing for bankruptcy and need someone to talk to, contact our law office at 816-524-4949 or visit our website at

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