Social Media Poses Trap For Bankruptcy Debtors

I really liked this post on Georgia attorney Jonathan Ginsburg’s bankruptcy blog about how debtor’s Facebook posts could jeopardize their bankruptcy case. If you are part of the “social media generation” and are considering bankruptcy you should read this post.  I have not had any experience with a Chapter 7 trustee researching debtors’ social media content, but I suspect that the trustees will eventually realize that the social media sites are a good source to find inconsistencies with debtors’ bankruptcy schedules. I think a trustee could compel you to provide access to debtors’ Facebook and Twitter accounts as well as any other personal electronic information. In any event, make sure you have not posted something online that refers to assets or income which is inconsistent with your bankruptcy schedules.