“I’m getting ready to file my bankruptcy case but my lawyer tells me I’ve got to be complete and accurate and I’m a little freaked out that I’m going to forget something. Can I amend later?”

Well the short answer to that question is: Yes definitely. You can amend your schedules later to add creditors, to add assets to change your income, to change your expenses. The bankruptcy system does not expect you to be perfect, they expect you to make a good faith effort to be complete and accurate.

They expect you to care and to be conscientious about what you put in your schedule, but they know that amending schedules is common place. It happens in almost every bankruptcy case. Now if you have a significant asset, or if you have significant income that’s not disclosed initially and then the trustee or one of your creditors finds out about it and brings it to the attention of the bankruptcy system and then you go and amend your bankruptcy schedules you could have a problem, because it could look like you were trying to conceal something important as though you were hiding it from the creditors.

If the Bankruptcy Court believes that you did that, you may not get a discharge, and that is a very serious problem.