Can you hide bank accounts in a bankruptcy case?
Jan Meriss Alfonso Assistant at Ascent Law LLC Hiding bank accounts in a bankruptcy case Hiding bank accounts in a bankruptcy case is possible for some people, but there are a lot of factors that go into deciding if it's a good idea. When you're deciding to file for bankruptcy, the first step is to find out if you're eligible. If you've more than $3,000 in property and $2,400 in debt, then you can file. If it's your only option, hiding your bank accounts can work. You can put them into an LLC or other entity that won't be part of your bankruptcy filing. It's not smart to just open another bank account in another name, though—that will be considered hiding assets and could get you into trouble. You should talk to a lawyer about your options before making any decisions Bankruptcy lawyers often get asked this question, so it's worth addressing. In short: no, you can't hide bank accounts from a bankruptcy trustee. But there are still some things you ca...