Bankruptcy Fraud
When an individual undergoes bankruptcy proceedings, they often are required to file a schedule of any assets in their possession. This is so that creditors can assess the potential value of their assets in order to potentially pursue repayment. However, some individuals may neglect to include certain items, assuming that they are of such negligible value that their inclusion is unnecessary. Unfortunately, this may be classified as bankruptcy fraud.
If you or someone you know is considering pursuing bankruptcy protection, it is important that you have knowledgeable legal counsel for advice and assistance during this difficult process to make sure you don’t unintentionally make a mistake that could be considered bankruptcy fraud. Contact the Boca Raton bankruptcy lawyers of Eric N. Klein & Associates, P.A., today at 561-353-2800 to discuss your situation with an experienced legal professional.
Types of Bankruptcy Fraud
A number of different actions during the bankruptcy filing process may expose an individual to prosecution for bankruptcy fraud. Some of the most common include:
- Hiding or failing to disclose assets
- Falsification of information
- Concealing or destroying relevant documents
- Conflicts of interest
These and other similar actions may be considered bankruptcy fraud, a federal crime which involves significant criminal penalties for convicted individuals, regardless of whether the fraud was intentional or not.
Contact Us
If you or someone you know is considering the benefits of bankruptcy, an experienced legal professional can help you go through the bankruptcy process and avoid any potentially fraudulent actions. Contact the Boca Raton bankruptcy attorneys of Eric N. Klein & Associates, P.A., at 561-353-2800 today to speak with a qualified member of our legal team.
