No Hidden Asset Remains Out of Sight of Thorough Asset Investigations


Bankruptcy is a chance for underwater debtors to start from scratch. However, hidden assets make it complicated.

The Department of Justice estimates that 1 in 10 bankruptcy filings involve at least one kind of fraud, like concealment of assets. There are plenty of ways to hide assets, from misidentifying the item (i.e. mislabeling a diamond as a “cubic zirconia,” says one trustee) to keeping mum about other assets. The thought is tempting, especially in a volatile economy.
http://www.phenixinvestigations.com/private-investigator-blog/2015/5/12/no-hidden-asset-remains-out-of-sight-of-thorough-asset-investigations

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