If you or any of your acquaintances have been accused of any form of bankruptcy fraud, relax, help is here. Contact one of our top Criminal Lawyers at Logue Law Group. Our Pittsburgh bankruptcy fraud lawyers possess the skills and knowledge to help you get the finest results of your case. It often happens that, due to severe financial pressure, you end up filing for bankruptcy. To prevent the bankruptcy court from knowing it all, you conceal some of your assets; if you do this, nothing can stop you from being convicted of federal bankruptcy fraud.What is a Federal Bankruptcy Fraud?
When you have surplus debt which you cannot handle, you have the choice of filing for bankruptcy, particularly in the federal court. This way the creditor cannot sue you or snatch your property for collecting on your debts. Based on the information that you provide to the court, the judge will make determinations regarding the property you have as well as the debts that you owe. It is this data that will help the judge to make decisions as to how to repay the creditor. If the asset is concealed or you provide false information, you will have committed bankruptcy fraud; this is either a civil or a criminal offense.
While filing for bankruptcy, it is illegal under the federal law to knowingly and with intention:
- Conceal assets
- Hide or destroy financial records
- Offer false statements
- File a false claim
- Bribe a court-appointed trustee or creditor
- File for bankruptcy in various states simultaneously
A creditor that files a fraudulent claim, or even makes untrue statements regarding the manner in which a debtor makes payments, can be convicted of bankruptcy fraud.What are the Penalties?
Bankruptcy fraud of a serious nature can go to the federal court, and it is important to hire a bankruptcy fraud attorney in the Pittsburgh area to fight this type of charge. In this regard, the prosecutor will definitely seek punishment which will include 5 years of imprisonment and fines of approximately $250,000. This is a serious offense which is thoroughly investigated.
Even beyond the criminal aspects, a charge of bankruptcy fraud could negate the terms of your bankruptcy case, leaving you still owing the pile of debt you tried to get out from under. You could lose assets you did not need to lose, had you disclosed them properly. The law allows for the assets of a person convicted of bankruptcy fraud to be sold to satisfy his or her debts. You could be left with more debt than you started out with, because you will have to start over.
No one wants others to know they filed for bankruptcy, but fraud charges are likely to appear in the news, especially if the alleged offender is well-known in the community. The offender’s reputation will be damaged, because people will see him or her as less than honest, and possibly a cheater or thief.
Your financial situation dominates your life. So do not risk that life being destroyed or tainted by being convicted of bankruptcy fraud. Simply contact one of our Federal Criminal Lawyers and see how you can be provided with relief.How can a Pittsburgh Bankruptcy Fraud Attorney Help?
From the moment you are accused of bankruptcy fraud, you will face inflexible laws along with a determined prosecutor. Most importantly, you will require a good Pittsburgh Criminal Lawyer that can assist you in determining all your choices and can attain the finest result for your case. As this is a highly serious crime which is prosecuted in the federal court and investigated via the IRS, you will require the help and guidance of an experienced Pittsburgh Federal Criminal Lawyer that can litigate your case passionately to assist you to get the best outcome.
To know more call the bankruptcy fraud lawyers at our Pittsburgh firm right away at 1-844-PITT-DUI or (412) 389-0805 or contact us online. We look forward to helping you in the best way possible.