Section 727(a)(5) of the Bankruptcy Code provides that a debtor’s bankruptcy discharge should not be granted if
the debtor has failed to explain satisfactorily, before determination of denial of discharge under this paragraph, any loss of assets or deficiency of assets to meet the debtor’s liabilities.
If a creditor shows that you can’t demonstrate where all of your assets are, including those that you transferred before you filed for bankruptcy, your Chapter 7 discharge may be denied. You should disclose all transfers of property to your bankruptcy attorney, so that she can include them on your Statement of Financial Affairs in your bankruptcy petition.