• Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Avoiding Bankruptcy Fraud

Avoiding bankruptcy fraudBankruptcy is a legal process that provides individuals and businesses with an opportunity to start afresh by wiping out or restructuring their debts. However, some people try to take advantage of the bankruptcy system by committing bankruptcy fraud. Bankruptcy fraud is a serious offense that can lead to hefty fines, imprisonment, and a criminal record. In this blog post, we will discuss the types of bankruptcy fraud and how to avoid them.

Types of Bankruptcy Fraud

Concealing Assets

One common type of bankruptcy fraud is concealing assets. This involves hiding assets that should be included in the bankruptcy estate, such as bank accounts, real estate, or investments. The debtor may transfer ownership of these assets to a friend or family member, or they may simply fail to disclose them on their bankruptcy petition.

False Statements

Another type of bankruptcy fraud is making false statements. This can involve lying about income, expenses, or assets on the bankruptcy petition. Debtors may also lie about their intention to repay their debts or their reasons for filing for bankruptcy.

Filing Multiple Bankruptcy Petitions

Some people try to abuse the bankruptcy system by filing multiple bankruptcy petitions. This can be done to delay foreclosure or eviction proceedings or to discharge debts that were not included in a previous bankruptcy.

How to Avoid Bankruptcy Fraud

Disclose All Assets

When filing for bankruptcy, it is essential to disclose all assets, including bank accounts, real estate, and investments. Even if you believe that an asset is exempt, it is important to include it on your bankruptcy petition.

Be Honest

Honesty is the best policy when it comes to bankruptcy. It is essential to provide accurate information about your income, expenses, and debts. If you are caught lying on your bankruptcy petition, you could face serious consequences, including fines and imprisonment.

Seek Professional Help

Filing for bankruptcy can be a complex and daunting process. It is advisable to seek the help of an experienced bankruptcy attorney to guide you through the process. A bankruptcy attorney can help you avoid common mistakes and ensure that you comply with all the rules and regulations.

Keep Accurate Records

It is essential to keep accurate records of all your financial transactions leading up to and during the bankruptcy process. This includes bank statements, tax returns, and receipts for expenses. Accurate records can help you avoid mistakes and provide evidence to support your bankruptcy petition.

In conclusion, bankruptcy fraud is a serious offense that can have severe consequences. To avoid bankruptcy fraud, it is essential to disclose all assets, be honest, seek professional help, and keep accurate records. By following these tips, you can ensure that your bankruptcy petition is filed correctly and that you are not at risk of committing bankruptcy fraud.

For more information, reach out to your Fresno bankruptcy attorney at 559-218-5324.

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