§ 32.3     Investment Information
Cite as:    Keith M. Lundin, Lundin On Chapter 13, § 32.3, at ¶ ____, LundinOnChapter13.com (last visited __________).

Stocks, bonds, partnership interests, certificates of deposit, “Christmas club” accounts, rental property—all must be revealed in the schedules. Debtors are reluctant to admit to investments. A full confession is essential.


Failure to reveal even a very modest rainy-day fund or savings bond stashed away is devastating evidence at a hearing on good faith1 at confirmation. If debtors are encouraged to tell all, counsel can often adjust the exemptions and plan to protect some value.


1  See § 179.2 [ Accuracy of Petition, Schedules, Statement and Testimony ] § 104.3  Accuracy of Petition, Schedules, Statement and Testimony.