Residents Face Serious Bankruptcy Fraud Charges in York County
For a person or business who is unable to pay their debts, there are several types of bankruptcy, which unfortunately makes the paperwork and filing process confusing. If you misfile, or misrepresent your assets or ability to repay your debts, even by accident, you could face bankruptcy fraud charges.
If you file for bankruptcy of your business, you could file for a strategic bankruptcy, which is not illegal, but a filing of insolvency that serves a specific business purpose, such as protecting your storefront from creditors while you handle a long-term lease on an unprofitable business. While this is not specifically illegal, filing in this way is a delicate balance and it is easy to fall over the edge and end up with bankruptcy fraud charges.
Defending Charges of Bankruptcy Fraud in South Carolina
Bankruptcy fraud can occur when:
- An individual conceals their assets by purposely failing to list every asset knowing that a creditor cannot liquidate their property.
- An individual is involved in a petition mill, in which someone poses as a financial advisor and files hastily prepared bankruptcy in the victim’s, often times unbeknownst to the victim.
- An individual files bankruptcy in multiple states using their real name and information, false names and information, or a combination of the two. They then list some of their assets, but not all, so liquidators will not seize all their assets.
I Misrepresented Some of My Assets and Now I’ve Been Charged with Bankruptcy Fraud!
If you face bankruptcy fraud charges, you will need legal help as soon as possible. The South Carolina bankruptcy and bankruptcy fraud charge defense attorneys at the Strom Law Firm understand the complexity of federal white collar charges like bankruptcy fraud, and will defend your rights to your assets in court. Contact us today for a free, confidential consultation on your case.
When Lexington Residents Face Bankruptcy Fraud Charges
If you file for bankruptcy, you are probably seeking relief from your debts. By definition, bankruptcy is the legal status of an individual (or also a business, in the US) who cannot repay their debts and seeks legal insolvency through a court ruling.
Modern bankruptcy proceedings attempt to not only alleviate debt, but to find the underlying causes and restructure spending practices of businesses or individuals to allow continuing solvency in the future. If you are an individual and you lie about or misrepresent your ability to remain solvent – even after financial education classes and a supervised rehabilitation period – you could find yourself facing bankruptcy fraud charges.
Bankruptcy Fraud in South Carolina is a Serious Federal Offense
Bankruptcy fraud is considered a serious white collar crime with the potential to spend time in a federal prison, or face a fine of $250,000 at least, or both. Common acts considered bankruptcy fraud include arrangements to redistribute property, fee fixing, false statements and declarations (which can also lead to wire fraud, mail fraud, or bank fraud charges), fraudulent claims, falsifying documents, and concealment of assets.
Although you may keep some assets, even during a chapter 7 bankruptcy, you cannot keep these by lying about their worth or concealing their existence. A bankruptcy and bankruptcy fraud charges defense attorney can help you navigate the process and avoid bankruptcy fraud charges.
I Did Not Properly Appraise My Assets and Now I Face Bankruptcy Charges
Although too many unscrupulous people intentionally conceal assets during their bankruptcy proceedings, you could make a simple mistake regarding the value of a piece of property and face bankruptcy fraud charges. The South Carolina bankruptcy and bankruptcy fraud charges defense attorneys at the Strom Law Firm understand the intricate details of the insolvency process and can help you navigate the system. We offer a free, confidential consultation regarding your situation, so contact us today.
Bankruptcy Fraud Charges Against Aiken Residents
Bankruptcy is a legal status when an individual or business cannot pay its bills or debts. In most cases, bankruptcy proceedings are initiated by the debtor, seeking relief from credit problems. Some countries limit legal insolvency through bankruptcy to individuals, but the United States also allows businesses to file for bankruptcy.
Part of the process of filing for bankruptcy is to list your assets, some of which can be taken away from you, and some of which you may keep. You must list the worth of each item, which can be a complicated process. If you are not careful while filing out this paperwork, you could be accused of bankruptcy fraud, which is a serious federal crime.
South Carolina Federal Courts Handle Bankruptcy Fraud Charges
The state of South Carolina has bankruptcy courts to handle these federal cases in Charleston, Columbia, and Spartanburg. While you do not technically need a lawyer to help you with bankruptcy proceedings, the process is long and complicated. If you make a mistake in the value of your property, especially a large piece of property like a house or a car, you could face bankruptcy fraud charges, so legal representation during these court proceedings is important.
Failure to file certain documents can lead to dismissal of your case at least, and if you do not have legal representation, your case is likely to fail. While these may seem bad, you could face worse consequences like bankruptcy fraud charges if you do not properly handle all documentation in insolvency case.
Help, I’ve Been Accused of Bankruptcy Fraud!
If you face bankruptcy fraud charges, this serious federal crime could make you feel alone and afraid. However, you must remember that even after being charged with a federal white collar crime, you do still have rights in court. The South Carolina bankruptcy and bankruptcy fraud charge defense attorneys understand the complicated legal process behind insolvency rulings, and can help you properly fill out all documents to avoid fraud charges. Contact us today for a free consultation on your case. 803.252.4800
Negotiating IRS And South Carolina Department of Revenue Debt Relief
It’s no secret that if you owe the IRS money they want their money now. Unfortunately, tax debt cannot be ignored. Tax debt can force you to face garnishment, levy, and liens while your debt continues to compound with penalties and interest.
The IRS has the power to seize your bank account, take your paycheck, and sell your assets.
The tax relief attorney at the Strom Law Firm can help you settle your tax debt.
Our South Carolina tax attorney will intervene on your behalf and put your tax issues and IRS debt on hold while we review your case to determine the most effective way to resolve your tax problems.
Our South Carolina tax lawyer represents individuals and small businesses who:
- have not filed their tax returns
- are facing an IRS tax audit
- are facing seizure of assets by the IRS
- are under criminal tax investigation
- are an innocent spouse of someone in trouble with the IRS
- have received an IRS levy notice
If you need help with your IRS or South Carolina Department of Revenue Tax Debt, Contact the Strom Law Firm today for a free consultation to see how we can help. We will target your tax problems and work to:
- stop your wage garnishment
- stop an IRS bank levy and foreclosure proceeding
- remove any tax lien
- remove penalty and interest charges, and when criminal charges are brought, we can provide
- an aggressive criminal tax defense.
Tax Relief Options
Depending upon the facts of your IRS tax problem, there may be several ways to obtain IRS debt relief. Don’t wait while the interest and penalties you owe continue to increase. Contact the South Carolina tax attorney at the Strom Law Firm, LLC today for a free consultation to discuss how we can help you put your IRS tax debt behind you.