In severe cases, omissions on bankruptcy schedules can rise to the level of criminal activity and result in prosecution. (natlbankruptcy.com)
There were no opportunities to work through a hypothetical example for completing bankruptcy schedules. (lawyerist.com)
Even if the Trustee is unaware of bitcoin and fails to inquire about the debtor's virtual currency assets, and even if there is no clear line item for virtual currency assets on the current form of bankruptcy schedules (virtual currency assets are property, according to the IRS), failure to disclose assets may result in the debtor losing his or her ability to obtain a discharge. (coindesk.com)