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Facts - Books - News    U.S. Facts Of Law:


Bankruptcy Abuse and Fraud

Bankruptcy fraud is a crime.  Common fraudulent or abusive acts under bankruptcy statutes include concealment of assets, concealment of documents, destruction of documents, false statements, conflicts of interest, fraudulent claims, and redistribution of assets arrangements.

Nearly two thirds of bankruptcy fraud involves the intentional non-disclosure of assets and cash in a bankruptcy petition. Schemes also include the hiding of assets, making of false statements, making multiple filings, undervaluing assets, forging petitions, use of petition mills that provide false information and making gifts or transferring assets immediately prior to or during bankruptcy. The penalties can be severe.  Bankruptcy fraud is a felony punishable by up to 5 years in prison and a $250,000 fine. Conviction for bankruptcy fraud can also invalidate your bankruptcy and allow your creditors to collect debts that were discharged by the bankruptcy.

Bankruptcy fraud has been used by individuals involved in all sorts of businesses. It's a favorite ploy of organized criminals and other con men. Consulting with legal counsel can provide information about legal rights, alternatives to bankruptcy and procedures that could keep many from crossing the line to criminal behavior.

 

Bankruptcy Abuse and Fraud Best Sellers from Amazon.com

Defrauding America
by Rodney Stich
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Customer Review: Rodney Stich is out of prison and that's
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The Quick & Dirty Guide To Beating Credit Card Debt (Quick and Dirty Books Co...
by Peter G. Miller
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The Fall of Arbuthnot and Co.
by Ph. D. Rangaswamy Srinivasan
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Customer Review: This book recounts an incident in 1905 in Madras, India, where a huge fraud was perpetrated by Sir George Arbuthnot, the managing partner of Arbuthnot and Co., the largest bank in India. This was a Ponzi scheme before Ponzi. This was comparable in si...
 
Understanding Fraudulent Transfers: Leading Lawyers on Navigating Fraudulent ...
Amazon Price: $90.00
 
International Asset Tracing in Insolvency
by Felicity Toube
Amazon Price: $350.00
 

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Bankruptcy Abuse and Fraud NewsGN News

Utah Bankruptcies Soar 31 Percent In The First Half Of 2010 Salt Lake Tribune
Utah bankruptcies soar 31 percent in the first half of 2010Salt Lake TribuneThe Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created new hoops for people to jump through before they could file for bankruptcy,

Epiq Systems Announces Second Quarter 2010 Results Led By 38 Growth In Mark...
Epiq Systems Announces Second Quarter 2010 Results Led by 38 Growth in MarketWatch press release of total bankruptcy filings since the 12 month period ending March 31, 2006, which was just prior to when many of the provisions of the Bankruptcy Abuse and more raquo

Consumer Bankruptcy Filings At Highest Level Since 2005 Wall Street Journal ...
Crunch Time News blogConsumer Bankruptcy Filings at Highest Level Since 2005Wall Street Journal blogThis marks the largest number of filings since the Bankruptcy Abuse Prevention and Consumer Protection Act was enacted to curb the increase in filings five USA Consumer Bankruptcy Filings Up 14 Percent through First Half of 2010CreditmanUS Consumer Bankruptcies Up 14 in First Half of 2010eCreditDaily.comall 33 news articles raquo

Can Bankruptcy Counseling Help To Give Debtors A Fresh Start Canton Daily Le...
Can bankruptcy counseling help to give debtors a fresh startCanton Daily LedgerThe Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was passed to assist consumers with making educated decisions regarding filing for Declaring Bankruptcy Easy But Banks Campaign To Make It DifficultNews FireBankruptcy filings continue to riseNorthwest Heraldall 3 news articles raquo

Should Distressed Americans Be Required To Undergo Bankruptcy Counseling Cre...
Credit.com NewsShould distressed Americans be required to undergo bankruptcy counselingCredit.com News bankruptcy counseling classes in accordance with the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 before being allowed to file.

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