Question

 What is bankruptcy fraud?

Answer The bankruptcy process was designed to help debtors who've become overwhelmed by their debt. Some debtors use the system fairly and accurately. Other debtors illegally use the bankruptcy process an... Read More »
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Top Q&A For: What is bankruptcy fraud

What is considered bankruptcy fraud?

Millions of bankruptcy cases are filed every year in the United States. With more and more individuals and companies declaring trouble in repaying their debts, the number of fraudulent bankruptcy c... Read More »
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What is the statute of limitations on bankruptcy fraud?

Bankruptcy fraud is a serious offense. A person accused of bankruptcy fraud faces both civil sanctions and criminal penalties. The U.S. Bankruptcy Code and related federal laws limit the time frame... Read More »
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What percentage of bankruptcy cases involve fraud?

The Internal Revenue Service (IRS) estimates that about 10 percent of all bankruptcy cases involve bankruptcy fraud. There are several common frauds: hiding property, filing multiple times, trustee... Read More »
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How to Avoid Bankruptcy Fraud?

Individuals who commit bankruptcy fraud can face serious legal consequences such as fines of up to $250,000 or up to five years in prison. According to the IRS, 92 percent of the bankruptcy fraud c... Read More »
http://www.ehow.com/how_6346644_avoid-bankruptcy-fraud.html


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