Bankruptcy Fraud

Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.Bankruptcy is not the only legal status that an insolvent person or other entity may have, and the term bankruptcy is therefore not a synonym for insolvency. In some countries, including the United Kingdom, bankruptcy is limited to individuals, and other forms of insolvency proceedings (such as liquidation and administration) are applied to companies. In the United States, bankruptcy is applied more broadly to formal insolvency proceedings.
Posts about Bankruptcy Fraud
  • Celebrity Bankruptcy: Where Are They Now?

    … and not declaring same. By working out a plea deal with federal prosecutors, Ms. Miller hopes to reduce her sentence for the crimes to six months. Her sentencing on the bankruptcy fraud conviction is scheduled for October, 2016. Curtis Jackson III aka 50 Cent After a jury in New York City found 50 Cent, aka Curtis Jackson III, liable to the tune…

    Bond and Botes- 29 readers -
  • Does It Really Pay To Be a Real Housewife?

    … action suit against Pacific Gas & Electric as depicted in the biopic Erin Brockovich. Now a lawsuit has been filed against Girardi and his law firm in which former clients of Girardi have alleged he misused their settlement funds to cover his personal expenses. These former clients have filed discovery to obtain documentation of Girardi’s personal…

    Bond and Botes- 29 readers -
  • Is “Dance Mom’s” Star Headed to Federal Prison for Bankruptcy Fraud?

    … through a Chapter 11 bankruptcy she filed in 2010. As reported by Ms. Tanner, this Chapter 11 was filed before the show that made Abby Lee Miller famous began airing. It is this fact that appears to have been Ms. Miller’s undoing. According to the United States Attorney in Pittsburgh, PA, the Dance Mom’s star has been indicted for failing to disclose…

    Bond and Botes- 41 readers -
  • What Debts Must You Include in a Bankruptcy Case?

    … What Debts Must You Include in a Bankruptcy Case? Posted on Nov 30, 2015 By Ed Woods November 30, 2015 by Ed Woods Frequently, when I am meeting with a prospective client, this question will be asked. Often, those prospective clients are worried about keeping a credit card for emergency use. Or, they are under the mistaken belief…

    Ed Woods/ Bond and Botes- 33 readers -
  • Guidice Update: Teresa May Have No Home Left for Her Homecoming after Prison

    … fraud, it is unlikely they would use one of the best tools for dealing with foreclosure, Chapter 13 of the Bankruptcy Code. The filing of Chapter 13 would stop a Sheriff’s sale or a foreclosure sale from the courthouse steps by placing the amount need to “cure” or catch up the delinquent mortgage payment into a repayment plan. This Chapter 13…

    Bond and Botes- 31 readers -
  • A Look At Bankruptcy Prosecution Under Title 18

    … requires full and honest disclosure from trustees, creditors, debtors, attorneys, and the bankruptcy court. When a party acts in a fraudulent manner, it undermines the system and injures numerous parties involved. First, when creditors repeatedly do not receive equitable compensation from bankruptcies due to fraud, the costs of lending often…

    Ronald D. Weiss, PC- 34 readers -
  • Bankruptcy Fraud May Land Florida Couple in Prison

    … Senior U.S. District Judge Kenneth L. Ryskamp in Palm Beach County, Florida sentenced Dr. Richard S. Krugman and wife Tamara Giordano to one year and one day in prison each after they admitted to bankruptcy fraud by concealing jewelry and other valuables during their bankruptcy proceeding. The judge also ordered them to pay more than $27,000…

     AmeriTrust Law Group- 38 readers -
  • Will Filing for Bankruptcy Affect My Military Aspirations?

    … or foreclosures2 Past due accounts Excessive credit card balances Financial fraud, such as tax evasion or embezzlement Though many people may consider bankruptcy to be a negative financial factor, bankruptcy often indicates that you chose to regain control of a spiraling financial situation. For this reason, bankruptcy is not necessarily a factor…

    Ronald D. Weiss, PC- 28 readers -