Bankruptcy: Concealment of Assets (Bankruptcy Proceeding Pending) is the intentional and willful attempt by a debtor to hide, conceal, transfer, or otherwise dispose of their assets in order to prevent creditors from recovering their due amounts from the bankruptcy estate. This type of fraudulent activity is illegal under federal and state laws and can result in severe criminal penalties. There are two main types of Bankruptcy: Concealment of Assets (Bankruptcy Proceeding Pending): 1) pre-petition concealment, which occurs before the filing of a bankruptcy petition; and 2) post-petition concealment, which occurs after the filing of a bankruptcy petition. Both types of concealment can involve the transfer or disposal of assets, the concealment of assets, or the failure to disclose assets to the bankruptcy court. In either case, the debtor must fully disclose their assets to the court and creditors, so as not to be found in violation of the bankruptcy rules and to prevent any potential criminal action.