How Social Media can affect your Bankruptcy

We have all heard for many years about employers and divorce attorneys looking into your social media profile to see if you are being honest about everything that you have claimed. Creditors are even turning to social media to see where you are as far as income and assets.

There are so many social media outlets today and it seems that as the time goes by, there are new ones introduced all of the time. Between Facebook, Twitter, LinkedIn, and Google+, you can find out almost anything that you want to find out about a person. This is especially important to remember when you are claiming to have financial difficulty. Remember, your creditors want to be paid and if they can find evidence that you are not being honest about your income and assets, it could be a problem for you.

If you are telling the bankruptcy court and your creditors that you don’t have the means to pay for your current debts but you are taking vacations and posting the pictures to your social media profile, they could use that as evidence against you. If you are claiming that you don’t have any assets but you are posing in a brand new car, this can totally change the way that your case may play out.

Living above your means may be one of the very things that have landed you into a financial pickle. Once your Arizona bankruptcy attorney has advised that filing bankruptcy is a viable option for you, you must be very honest about any assets that you have and disclose all income that you have coming in. if you are putting contradicting statements and photos on your social media profile, it can cause a big headache later. The best thing is to be honest from the beginning.