<What is bankruptcy fraud?

Posted on January 29th, 2010 No Comments

Bankruptcy fraud is the use of deceptive means to conceal assets or liabilities during a bankruptcy filing. The fraud is often used as a way to secure  the benefits of bankruptcy protection,  while  still maintaining certain  assets.

Executives will often engage in bankruptcy fraud by using a number of different strategies. These strategies could include mistating assets or liabilities, temporarily transferring assets to a third party, or creating concealed subsidiaries to hold  the  assets.

If you have questions about bankruptcy fraud, contact the New Orleans bankruptcy lawyers of the Law Office of David D. Kervin, Jr. at 504-599-5906.

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