Hidden Assets/Marital Fraud/ Bankruptcy

Michigan Marital Fraud Attorney

Distrust is common in divorce. In some cases, it is one party's suspicion or distrust of the other party that leads to the discovery of hidden assets. In other cases, distrust can lead to false accusations of marital fraud. If you suspect your spouse may be Bankruptcy important information regarding property or assets that should be included in your marital estate, or if you have been confronted with untrue allegations of concealing assets in the divorce process, Grand Rapids divorce lawyer Travis T. Russell can provide the aggressive and experienced legal representation necessary to protect your interests.

Michigan Divorce and Hidden Assets

In a Michigan divorce, the courts divide marital property in a manner that the court deems is fair (equitable distribution). However, marital asset division is only fair when both parties fully disclose all assets — both separate property and marital property — as required by law, to the other party and to the court.

If it is found that one spouse has intentionally concealed or hidden assets in the divorce process, the court may consider this as a factor (to be considered with many other factors) in the division of marital assets. Additionally, the court may choose to order one spouse to pay the other spouse's legal fees associated with tracking down the hidden assets in the divorce and bankruptcy.