Bankruptcy trustees are on Facebook too

May 11, 2013

You may want to think twice before you post that picture sitting in your friend’s Ferrari, if you intend to file for bankruptcy. It is not unusual for trustee to view your posts on Facebook or other social networking sites.

Bankruptcy trustees are paid a commission based upon on the assets that they recover. In this age of technology trustees are becoming increasingly more sophisticated in their search for hidden assets. Do not be surprised if the photos you post on Facebook of your vacation or posing with your grandmother’s diamond ring come back to haunt you if you file for bankruptcy.