Let bankruptcy courts deny exemptions for concealed assets

Warren’s plan would let bankruptcy courts deny an exemption for an asset when a filer concealed it or lied about it. The change is intended to give courts more tools to address fraud in bankruptcy.

Context: Original statement date not established. Source collected on November 12, 2026.

In their own words

My plan closes this enormous loophole so that courts can deny an exemption in an asset that the filer has concealed or lied about.

The source

Fixing Our Bankruptcy System to Give People a Second Chan...

Published: Original date not established; campaign context manually checked
Retrieved: 11/12/2026