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a debtor must be very accurate in his or her dealings with the court including filling out the statement of financial affairs and schedules accurately these papers and a debtors testimony at the 341 meeting are sworn to under penalty of perjury there can be severe consequences for violating this Duty let's hear from a bankruptcy judge judge Paul and Glen bankruptcy is not a step to be taken lightly or casually it's a serious event it has some real benefits I mean it will help people save their homes it will help people to relieve themselves from overwhelming debt but along with those benefits there are some serious responsibilities that go along the the there is a petition and financial statements that have to be filed when a person files their bankruptcy case and these are signed under oath these are sworn documents they're signed under oath and under penalty of perjury sometimes people will transfer vehicles or personal property or things to their relatives or their parents or their

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