Bankruptcy Fraud
If you are drowning under a tidal wave of debt as creditors call off the hook and are afraid to check the mail because you fear collection letters and legal notices, a Chapter 7 or Chapter 13 bankruptcy can provide needed relief. A bankruptcy can help you save your home, get creditors off your back and put you on the road to financial recovery. Many consumers make the mistake of trying to go it alone when filing a bankruptcy choosing not to even consult with a qualified bankruptcy attorney let alone retain one. This can be a mistake with serious consequences, which may result in having your bankruptcy dismissed because you do not comply with complex bankruptcy rules and procedures. At Shakoori Law Group, we offer a free no obligation initial consultation so that we can assess your situation and help you determine if bankruptcy is right for you. We will also help you make sure that you comply with the rules, procedures and disclosure requirements so that you avoid allegations of bankruptcy fraud and the risk of having your Chapter 7 or Chapter 13 bankruptcy dismissed.
Bankruptcy fraud is a felony under federal law and includes concealment of assets or debts from your bankruptcy petition. Bankruptcy fraud is punishable by a fine of up to $250,000 and/or five years in prison. Concealment of assets when filing bankruptcy is one of the most prevalent types of bankruptcy fraud, and may include "giving" an asset to a relative or friend to avoid having it come within the jurisdiction of the bankruptcy court. Sadly, some debtors who file bankruptcy without legal representation fail to include assets in their bankruptcy petition or engage in transactions that they do not realize constitute bankruptcy fraud. A criminal prosecution for bankruptcy fraud is a scary proposition that can have serious implications including jail time, financial penalties and dismissal of your bankruptcy petition.
Some people seek assistance from paralegals or typing services to save money, these individuals are typically not qualified to give legal advice and may make serious mistakes in preparing your bankruptcy petition or suggest that you engage in activity that can result in criminal liability. The cost of defending a criminal bankruptcy fraud case is very costly. A free no obligation initial consultation with a bankruptcy attorney today may save you grief and thousands of dollars later. Although the number of bankruptcy fraud cases has declined 44% during the period of 2003-2009, a choice to proceed through the bankruptcy process without an experienced California bankruptcy attorney is the surest way to end up facing charges of bankruptcy fraud.
If you are facing economic challenges and are concerned with inadvertently committing bankruptcy fraud, Shakoori Law Group can help. The Shakoori Law Office is conveniently located in Santa Ana, California. We routinely assists clients throughout Southern California including but not limited to the following: Santa Ana, Tustin, Fullerton, Orange, Anaheim, Irvine, Newport Beach, Costa Mesa, Fountain Valley, Huntington Beach, Westminster, Garden Grove, Orange, Buena Park, Placentia, Yorba Linda, Irvine and throughout Los Angeles, Riverside and San Bernardino Counties. Call 800-578-0922 today for your no obligation free initial consultation.
