Many people in Pomona turn to bankruptcy as a last resort when they can find no other way to pay their debts. The laws surrounding bankruptcy can be incredibly complicated, and a small mistake can lead to serious repercussions, including accusations of bankruptcy fraud.
You can get help if you are accused of bankruptcy fraud by contacting the Simmrin Law Group right now. You can speak with our bankruptcy fraud lawyers in Pomona to get legal advice today. Our team can start working on your defense for these serious federal charges.
Types of Bankruptcy in Pomona
You should be aware that you could be charged with bankruptcy fraud after filing for any type of bankruptcy. The U.S. Bankruptcy Court allows individuals to file for bankruptcy under:
Chapter 7 Bankruptcy
Chapter 7 bankruptcy can be used by individuals. Businesses may also file for Chapter 7 bankruptcy if they wish to liquidate, instead of reorganizing.
Chapter 9 Bankruptcy
Chapter 9 bankruptcy is used by municipalities when they want to reorganize. This means that school districts, taxing districts, villages, cities, and towns may file for bankruptcy in the U.S.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy may be used by some businesses. If a business wishes to reorganize – instead of being liquidated – they can file for Chapter 11 bankruptcy.
Chapter 12 Bankruptcy
Chapter 12 bankruptcy is specifically designed to be used by fishermen as well as family farmers throughout the U.S.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is another option used by some private individuals who wish to file for bankruptcy.
Chapter 15 Bankruptcy
Chapter 15 bankruptcy can be used if parties who live in multiple countries are trying to file for bankruptcy for a joint project.
A criminal defense lawyer in Pomona can help you build a defense if you are accused of bankruptcy fraud associated with any form of bankruptcy.
Acts That Are Considered Bankruptcy Fraud
We’ve gone over the different ways to file for bankruptcy. Now, we can go over different actions that can be considered bankruptcy fraud. Individuals in Pomona can be accused of bankruptcy fraud if they:
- Make a false claim during a bankruptcy case
- Attempt to conceal information
- File documents that are false or fraudulent
However, you should only be convicted of bankruptcy fraud if you acted with the intent to commit fraud. Due to the complicated nature of a bankruptcy filing, it’s easy to make a mistake that could appear to be an act of fraud. If your intentions were honest, you could avoid a conviction by working with a federal crimes lawyer in Pomona.
The Results of a Federal Bankruptcy Fraud Conviction
Federal charges are generally punished very harshly. If you are convicted of any form of bankruptcy fraud in Pomona, you could end up dealing with the following penalties:
- Fines of up to $250,000
- Prison time of up to five years
Additionally, if you are convicted of bankruptcy fraud the court will not allow you to have your debts dismissed, meaning that you will still be left with the expenses that led you to file for bankruptcy in the first place.
You can increase your chances of successfully resolving a bankruptcy fraud accusation and avoiding these penalties by working with a professional legal team right away. Getting help quickly can give your bankruptcy fraud lawyer time to build a solid defense for your case.
A Lawyer Can Help with All Aspects of Bankruptcy Fraud Charges
You can get immediate help handling bankruptcy fraud charges in Pomona. Your lawyer can help you deal with any and all interviews with federal prosecutors. It is important that you do not discuss your case without a criminal defense lawyer, as this can severely weaken your case.
Your lawyer can also work to block evidence gathered against you, which can weaken the prosecution’s case. While working on your case, a federal crimes lawyer can work to demonstrate that you didn’t intend to commit bankruptcy fraud.
As we mentioned, the steps to file for bankruptcy can be incredibly complicated. Mistakes can easily be made. These mistakes could resemble fraud, but if you did not act with malicious intent then you should not be convicted for bankruptcy fraud.
Call a Pomona Bankruptcy Fraud Lawyer for Legal Advice
Take steps to protect your future if you are accused of bankruptcy fraud by contacting the Simmrin Law Group now. You can get a FREE initial case evaluation about your legal options from our bankruptcy fraud lawyers in Pomona.