Bankruptcy Fraud Defense Lawyer
Many individuals and business owners file bankruptcy at some point in their lives. Bankruptcy can help you turn your financial life around and can really help you out, but it can get you into a lot of trouble if it’s not done the right way, too. You might have recently learned this if you’re facing federal bankruptcy fraud charges. Understanding a little more about what you are facing can help you get a better understanding of what you should do next.
What is Bankruptcy Fraud?
First, you need to understand the charges that you are facing. Typically, if you’re charged with bankruptcy fraud it is because federal law enforcement believes that you knowingly made a false statement when filing bankruptcy. If you were dishonest about your income or your assets, for example, this could be considered bankruptcy fraud.
Is Bankruptcy Fraud a Serious Offense?
Some people who file bankruptcy do not realize just how serious it is to commit bankruptcy fraud. It might not seem like a big deal to avoid adding one of your assets or to mention one of your debts, and you might not think that you will get caught anyway. Some people do end up flying under the radar, but if you’re caught, you could face serious consequences. If you are charged and then found guilty of committing bankruptcy fraud, you could face five years in a federal prison, a fine of up to $250,000 or both. Because of the severity of these charges, avoiding committing bankruptcy fraud in the first place is very important. If you are charged with this federal crime, then you absolutely must take your case seriously.
How Can You Avoid Bankruptcy Fraud When Filing Bankruptcy?
The best way to prevent yourself from dealing with this situation is to make sure that you are completely honest when you’re filling out your bankruptcy paperwork. Also, make sure that you are thorough when listing your creditors and assets and filling out your paperwork. Understanding the importance of honesty, taking your time when filling out your paperwork and working with a bankruptcy lawyer when filing are all steps that can help you avoid facing these charges.
Why You Should Hire a Lawyer if You’re Accused of Bankruptcy Fraud
As you might have read above, the consequences of being found guilty of bankruptcy fraud are very serious. If you want to avoid expensive fines and a potential prison sentence that will have to be served in a federal prison, then you will need to hire a bankruptcy fraud defense lawyer immediately.
What are the Possible Defenses for Bankruptcy Fraud?
You might realize that it’s a smart idea for you to hire an attorney to help you with your bankruptcy fraud case. However, once you have been accused of bankruptcy fraud, you might be scared that there is nothing that can be done to help your case. Your attorney might be able to use a variety of different defenses to help you, however.
For one thing, your lawyer could argue that you did not intentionally withhold information or share false information when filing bankruptcy. People do make mistakes when filling out the wealth of paperwork that has to be filled out when filing, and your lawyer can argue that you did not intentionally do anything wrong. Your lawyer could also argue that you did not make mistakes or intentional errors when filing bankruptcy at all. What your lawyer will do will depend on the specifics of your bankruptcy case and what you’re being accused of, so hiring a lawyer soon is in your best interest so that you can get help with your case.
When filing bankruptcy, it is very important to understand the potential consequences of committing bankruptcy fraud. If you are accused of committing bankruptcy fraud, then you should not hesitate to hire a lawyer to help. The potential consequences that you are facing are serious, but a lawyer might be able to help you. Hiring an experienced lawyer, being prompt about meeting with and hiring a lawyer and being honest with him or her about the details of your case will all help you increase the chances of things going in your favor with your case.