First, the court could deny you a discharge or your bankruptcy could be revoked. Second, you could be fined or even receive jail time for committing bankruptcy fraud. Third, under the rules of estoppel, if you don’t disclose your claim in your petition, you will be deemed to have waived it. So, in effect, your claim will be extinguished! Damages for pain and suffering enjoy a special exemption in bankruptcy. As you can see, making assumptions can be extremely costly. Find out what you need to know by investing in a comprehensive Rights and Options Consultation and give yourself the opportunity to make an informed decision!
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