Case Involving Debtors Reliance on Lawyers Advice In Texas

"A debtor's reliance on advice of counsel constitutes an excuse for his transfer or concealment of property from creditors and will prevent the court from denying his discharge only where his reliance is reasonable and in good faith." In re Dreyer, 127 B.R. 587, 597 (Bankr. N.D. Tex. 1991). The court in Dreyer rejected the debtor's argument that he relied on his attorney to prepare schedules. The court observed that the debtor signed the statements and schedules prepared for him and he had declared under penalty of perjury that he had read the statements and schedules and that they were true and correct. See id.