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In bankruptcy, a discharge is an order that prevents a creditor from collecting on an outstanding debt from the debtor. A discharge order essentially dissolves any liability the debtor has for the...
The United States Code provides the legal standard for finding bankruptcy fraud. Title 11 contains the U.S. Bankruptcy Code. Title 18 regulates Crimes and Criminal Procedures. Provisions from both...
Bankruptcy fraud laws are designed to detect and penalize people trying to manipulate and abuse the bankruptcy court system for a financial advantage. Significant sanctions are associated with...
In preparing to file for bankruptcy, there are a variety of factors to take into consideration. For example, a person contemplating pursuing a bankruptcy case might wonder whether bankruptcies...
A person interested in seeking debt relief through bankruptcy needs to be aware of bankruptcy fraud penalties. There are a variety of bankruptcy penalties that can be imposed depending on the...
Bankruptcy refers to the process in which businesses or individuals who can no longer pay their creditors can liquidate their assets or create a payment plan to pay their debts. Although the vast...
Many people assume that bankruptcy will not eliminate income taxes. Sometimes federal income taxes can be discharged in a Chapter 7 bankruptcy. Whether a tax debt is dischargeable is dependent on...
Americans are filing for bankruptcy now more than at any time in our history. Unfortunately, with more people and companies claiming to not be able to satisfy their debt, there is a percentage of...
Bankruptcy fraud is essentially any act by which an individual uses the protection of the bankruptcy system to get out of debts she should pay. Intentionally racking up debts you know you can not...
In federal bankruptcy court, a trustee oversees the cases on behalf of the United States government. Unlike most other civil legal actions, it is usually a trustee or a judge that makes any...