Avoiding Accusations of Bankruptcy Fraud
When a debtor turns to bankruptcy to work through their debt, they may try to find the most favorable terms possible. Bankruptcy offers a variety of possible exemptions and options for some debtors. However, strategically filing bankruptcy remains completely different than fraudulently filing bankruptcy. Bankruptcy fraud is a serious concern that can hold criminal penalties.
For assistance in seeking to avoid accusations of bankruptcy fraud as you are considering a bankruptcy filing, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates today at 800-975-5346.
What Is Considered Fraud?
Many debtors may be unsure where the line between jockeying for a more favorable bankruptcy and fraudulently filing stands. If a debtor violates the bankruptcy code, they can face fraud charges. The following actions are considered bankruptcy fraud:
- Destroying records or information prior to filing
- Giving incorrect figures for income
- Giving incorrect figures for total debt
- Filing with a conflict of interests
- Lying to or misleading the court during bankruptcy proceedings
By following the proper steps, a debtor should be able to avoid defrauding the court during their bankruptcy. It is important to remember that strategically filing for bankruptcy and properly using legal exemptions is not at all a violation of the law.
Contact Us
Many Americans are facing debt that they simply cannot manage any longer. If you are feeling overburdened by your debt, bankruptcy may be the right option for you. To learn more about our services and how we can help, contact the Boston bankruptcy lawyers of Joshua Spirn & Associates by calling 800-975-5346 today.
