More Myths and Bankruptcy in Las Vegas, NV | Haines & Krieger

Recently, a client of ours who is a prime candidate for the benefits offered by bankruptcy expressed his major concern with filing for bankruptcy:

He was afraid that the bankruptcy trustee would come and search his home.

Now, we’ve had to debunk a lot of myths about bankruptcy, but this was the first time anyone had ever voiced this fear.  We were very happy to tell our client that the chances of this happening are slimmer than Bette Midler.  (Trust us – we just caught her show at Ceasars.)

The reality is that a trustee would need a court order to search your house, and courts don’t hand those out readily.  In fact, the few cases in which trustees were permitted to search the debtor’s house contain pretty extreme facts.  For example, in one case, it was clear from the debtor’s divorce court records that she was concealing some major assets in her bankruptcy.  The bankruptcy court allowed the trustee to search her home, where he found 189 pieces of fine jewelry and 10 pieces of artwork.  These items were then appraised for almost a quarter of a million dollars!

If you have any concerns about filing for bankruptcy, call us at 702-880-5554 to schedule a free initial consultation with our knowledgeable and experienced bankruptcy lawyersIf you are calling from within Nevada, you can also reach us at 702-880-5554.