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Declarations of Disclosure

The Purpose Behind Disclosures

If one party has knowledge of an asset and intentionally fails to disclose it in their Schedule of Assets and Debts, you may be able to have that asset awarded to you alone, due to their fraud. Also, if an asset is just overlooked, the case may be reopened on only that issue and the asset divided by the court even after trial is over.

Two Disclosures for Each Party

The Disclosures consist of two lengthy forms: the Schedule of Assets and Debts and the Income and Expense Declaration. Both parties must complete them. The first time is 60 days after the Petition is filed and the second time is just before trial. Even if nothing has changed, the Court will not file your Judgment, even after trial, until the Disclosure has been filed.

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