bankruptcy fraud

What is Bankruptcy Fraud?

Bankruptcy fraud is the act of defrauding a bankruptcy court or trustee for one’s own financial gain, which is typically through not having to liquidate certain assets. It is considered to be a white collar crime because it is financial in nature and generally requires the offender to hold a privileged position, such as a financial advisor to the indebted individual.
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL