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 Kervin & Young at 504-599-5906.

