Maine Bankruptcy Fraud, False Entries, 18 U.S.C. Sec. 152(8) is a federal crime that involves making a false statement or entry in any document filed in a bankruptcy case, or any other document related to the case, with the intent to defraud creditors or other parties. This includes a false statement or entry made by an individual, business, or other entity that may be involved in the case. The penalty for violating this law can include a fine, imprisonment, or both. There are two types of Maine Bankruptcy Fraud, False Entries, 18 U.S.C. Sec. 152(8): 1. Intentional False Statements or Entries: This is the most serious type of bankruptcy fraud and involves intentionally making false statements or entries in documents filed in a bankruptcy case with the intent to deceive creditors or other parties. 2. Unintentional False Statements or Entries: This is a less serious type of bankruptcy fraud and involves making false statements or entries in documents filed in a bankruptcy case without the intent to deceive creditors or other parties.
Maine Bankruptcy Fraud, False Entries, 18 U.S.C. Sec. 152(8)
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FAQ
Signs of Fraud That Prove Intent the debtor transferred or concealed property soon before filing the case (or shortly after someone threatened a lawsuit) the property isn't exempt (protected from creditors) the asset was transferred to or hidden by the debtor's business, spouse, relative, or friend (an insider)
This is known as bankruptcy fraud, and it's an alarmingly common type of white collar crime both in the United States and abroad.
An individual intentionally files false or incomplete forms. Including false information on a bankruptcy form may also constitute perjury. An individual files multiple times using either false information or real information in several jurisdictions.
Conspiracy to Commit Bankruptcy Fraud Pursuant to 18 U.S.C. § 371, Conspiracy to Commit Bankruptcy Fraud occurs when two or more people conspire to commit Bankruptcy Fraud. The government often charges minor participants with Conspiracy to Commit Bankruptcy Fraud because under 18 U.S.C.
Committing bankruptcy fraud could result, at a minimum, in having the case dismissed and/or having a fine imposed by the court. For more serious cases, a substantial fine and/or a prison sentence could be handed down. There are two types of bankruptcy fraud: civil fraud and criminal fraud.
Any defendant who undertakes a fraud scheme against anyone and then carries out or conceals the scheme by filing for bankruptcy or by filing any documents in the bankruptcy, violates this statute.
The crime of bankruptcy fraud is embodied in Title 18 U.S. Code § 157. This federal law prohibits anyone from knowingly filing a bankruptcy petition or related document with the intent to defraud creditors or the court.