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All bankruptcy cases and forms require disclosure of vast amounts of
personal financial data. These disclosure statements must be sworn and
filed with the court. As a public record, anyone may review schedules
filed in connection with any case. Debtors who misrepresent statements
of fact are subject to fines and sanctions, including dismissal of a
case. Also, a new liability standard after reform changes the measure of
culpability, so that now any untrue statement, whether intentional,
negligent, or innocent mistake, may result in dismissal.
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