A Hard Lesson from a Lucky Debtor with Inaccurate Schedules

We can't overemphasize the importance of filing accurate schedules and statements in a bankruptcy case. Regardless of lawyers' skills, clients must review their schedules carefully before signing them. The recent decision in Crawford v. Franklin Credit Management Corp.1 ("Crawford") illustrates the dangers of inaccurate schedules and a lucky "escape hatch."

Click here to read Wayne Greenwald's full article...