Is It Fraud?
There is no doubt to many of those who have gone through the process that bankruptcy can be a difficult and confusing experience for debtors. With multiple rounds of paperwork and financial calculations, which have increased with the implementation of the means test, providing truthful and honest representations of a personal financial situation is something that must always be upheld during the process. However, there are certain circumstances in which one tactic or option may not necessarily seem in keeping with regulations, but indeed does not violate the law.
To discuss your bankruptcy options, contact the Birmingham bankruptcy lawyers of GREENWAY BANKRUPTCY LAW, LLC, at (205) 324-4000 today.
Strategic Action or Fraud?
The major difference between a person working towards a more favorable bankruptcy filing and a person committing bankruptcy fraud tends to boil down to whether or not false information has been provided. The following are instances in which fraud cases can be pursued, since these are generally illegal tactics in declaring bankruptcy:
- Falsifying income and assets
- Falsifying debt
- Destroying or falsifying documentation or records
- Conflicted interests
- Lying to the court
Intentional bankruptcy does not necessarily equate to illegal bankruptcy. There are certain circumstances in which an individual may be in a position to push Chapter 7 bankruptcy, qualify under the means test, and not break any laws in the process.
If you are uncertain about a particular legal issue connected to a bankruptcy filing, you need the help of a legal professional. By working with an attorney, debtors can gain a better understanding of what is and is not permitted in a bankruptcy filing. To learn more about your rights and options as a debtor, contact the Birmingham bankruptcy attorneys of GREENWAY BANKRUPTCY LAW, LLC, by calling (205) 324-4000.