New Mexico Complaint Objecting to Discharge in Bankruptcy Proceedings for Concealment by Debtor and Omitting from Schedules Fraudulently Transferred Property

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The decree of the bankruptcy court which terminates the bankruptcy proceedings is generally a discharge that releases the debtor from most debts. A bankruptcy court may refuse to grant a discharge under certain conditions.

A New Mexico Complaint Objecting to Discharge in Bankruptcy Proceedings for Concealment by Debtor and Omitting from Schedules is a legal document filed by a creditor or a trustee in a bankruptcy case. This complaint alleges that the debtor has intentionally concealed assets or omitted them from their bankruptcy schedules, thereby attempting to defraud the bankruptcy court and their creditors. The purpose of this complaint is to request the court to deny the debtor's discharge of debts or to revoke their discharge if it has already been granted. The New Mexico Complaint Objecting to Discharge in Bankruptcy Proceedings for Concealment by Debtor and Omitting from Schedules can take different forms depending on the specific circumstances of the case. Some common types of complaints include: 1. Complaint Alleging Concealment of Assets: This complaint asserts that the debtor intentionally hid assets, such as bank accounts, real estate, or valuable personal property, with the intent to defraud creditors and the bankruptcy court. It provides detailed evidence of the assets concealed and how they were discovered. 2. Complaint Alleging Omission from Schedules: In this type of complaint, the creditor or trustee argues that the debtor deliberately left out certain assets on their bankruptcy schedules, either through negligence or with fraudulent intent. The complaint includes the specific assets omitted and may provide evidence of the debtor's knowledge about the omission. 3. Complaint Requesting Denial of Discharge: This complaint seeks to prevent the debtor from receiving a discharge altogether, claiming that their conduct throughout the bankruptcy case demonstrates a lack of integrity, such as continuous concealment or deliberate omission of assets. The complaint may include evidence of the debtor's actions, statements, or other behavior warranting a denial of discharge. 4. Complaint Seeking Revocation of Discharge: If the debtor has already been granted a discharge, this complaint aims to have the court revoke it due to subsequently discovered concealment or omission of assets. It must provide compelling evidence of the debtor's fraudulent conduct and the impact the concealed or omitted assets may have on the bankruptcy estate or creditor recovery. Important keywords related to this topic include: New Mexico, complaint, objecting to discharge, bankruptcy proceedings, concealment by debtor, omitting from schedules, fraudulent intent, revocation, denial of discharge, assets, bankruptcy court, creditors.

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Conditions for Denial of Discharge You've hidden, destroyed, or failed to keep adequate records of your assets and financial affairs. You lied or tried to defraud the court or your creditors. You failed to explain any loss of assets. You refused to obey a lawful order of the court.

The court may deny a chapter 7 discharge for any of the reasons described in section 727(a) of the Bankruptcy Code, including failure to provide requested tax documents; failure to complete a course on personal financial management; transfer or concealment of property with intent to hinder, delay, or defraud creditors; ...

Filing for Chapter 7 bankruptcy eliminates credit card debt, medical bills and unsecured loans; however, there are some debts that cannot be discharged. Those debts include child support, spousal support obligations, student loans, judgments for damages resulting from drunk driving accidents, and most unpaid taxes.

Key Takeaways. Types of debt that cannot be discharged in bankruptcy include alimony, child support, and certain unpaid taxes. Other types of debt that cannot be alleviated in bankruptcy include debts for willful and malicious injury to another person or property.

In fact, the federal courts (which handle bankruptcy cases) list 19 different types of debt that are not eligible for discharge. 2 The most common ones are child support, alimony payments, and debts for willful and malicious injuries to a person or property.

If a debt arose from the debtor's intentional wrongdoing, the creditor can object to discharging it. This might involve damages related to a drunk driving accident, for example, or costs caused by intentional damage to an apartment or other property.

Bankruptcy fraud is charged under the closely related 18 USC § 157 that makes it a crime to make false statements in a bankruptcy filing and to knowingly conceal assets or file a misleading financial statement in a bankruptcy petition.

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discharge in bankruptcy, a debtor is required to keep and produce written documentation of all such transactions. Self, 325 B.R. at 241 (citations omitted). Courts are often skeptical of debtors who omit claims on their bankruptcy schedules and ... asset in the original bankruptcy proceeding, and at no time after his ...Bankruptcy Rules 4004 and 4007, Fed.R.Bankr.P., require that a complaint objecting to a debtor being granted a discharge or dischargeability of debts under ... D.Utah 2006)(stating that "`[e]xceptions to discharge are to be construed strictly against a creditor and liberally in favor of the debtor.'")(quoting In re ... by JL Street · 1995 · Cited by 4 — The debtor won, and the creditors were barred from reaching any community property for satisfaction of their debts.' The above case seems unfair. A basic ... Mar 3, 2018 — Conduct that prompts the United States Trustee to file a complaint to deny the debtor a discharge of debts in bankruptcy under Bankruptcy ... If you are a debtor, your signature on the petition and statements and schedules constitutes an oath that the information is accurate and complete. The ... Jan 7, 2022 — They claimed all of their unencumbered property as exempt. Debtors' initial bankruptcy schedules omitted the following property or claims or had ... (a) Persons Entitled To File Complaint. A debtor or any creditor may file a complaint to obtain a determination of the dischargeability of any debt. The debtor moved to dismiss the bank's motion for non-dischargeability of the loan debt. The Bankruptcy Court held that the bank submitted a plausible claim ...

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New Mexico Complaint Objecting to Discharge in Bankruptcy Proceedings for Concealment by Debtor and Omitting from Schedules Fraudulently Transferred Property