Articles Tagged with Bankruptcy Fraud

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Bankruptcy Lawyer Bryan W. Stone answers the question: “Will anyone find out about my bankruptcy?”

It’s a favorite of the media: coverage of financial difficulties for celebrities (and sometimes, semi-celebrities). We love watching them fly high and, so it seems, love watching when they come crashing back down to earth. One issue that is assured to get media attention is when a celeb (or quasi celeb) goes into bankruptcy or, even worse, gets accused of bankruptcy fraud. There are several recent examples, including a few of the “Real Housewives”, the rapper 50 Cent and most recently, Abby Lee Miller, star of the reality TV show “Dance Moms”.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “Will anyone find out about my bankruptcy?”

Bankruptcy judges are people too, in that in their free time, some like to occasionally relax at home and channel-surf.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are North Carolina’s exemptions?”

In the various stories we discuss on this blog, we frequently include warnings against hiding assets when filing for bankruptcy. One particular case this summer provides an illustration of precisely why doing so can land you in hot water—and prison.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 7 Bankruptcy?”

While earning a salary of over $90,000 as chairman of the Illinois parole board four years ago, Adam Monreal signed numerous sworn documents in his personal bankruptcy proceeding reporting his annual salary as $38, 676.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “Will I lose my property if I file for bankruptcy?”

When Teresa Giudice’s name has appeared in the press for the last half-decade, it has usually not been uplifting press for the former “Real Housewives of New Jersey” star. Bankruptcy fraud convictions, millions owed in debt and a stint in the federal penitentiary have dampened the celebrity she once enjoyed as a reality star, and the hits just keep on coming.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is the means test?”

A Clinton County, Illinois farmer whose bankruptcy fraud case became intertwined with a double murder in 2007 was released from prison this April to a prison-sanctioned halfway house.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”

The hits just keep on coming for Caesars Entertainment Corporation. The company is one of the largest gaming companies in the world, owning and operating over dozens of casinos and hotels including Harrah’s.  It filed for Chapter 11 business reorganization bankruptcy in 2014 for $18 billion in debts but the case has been fraught with issues ever since: fraud, a 7-million page investigatory report, one very angry judge, and now, a ruling that an extramarital affair nullifies the entire report.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “What is the means test?”

The effect of getting a raise or losing your job after filing for bankruptcy depends on which type of personal bankruptcy you filed, and understanding what action to take is important. The temptation to not get around to reporting modest income increases, for example, can lead to your bankruptcy case getting thrown out of court, full responsibility for all debts and criminal fraud charges.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “What is a bankruptcy discharge ?”

A doctor who once ran a successful east coast anesthesiology practice that employed hundreds of physicians and his wife have been sentenced to a year each in federal prison for concealing assets in their failed 2008 bankruptcy.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “What are my alternatives to bankruptcy ?”

 

When General Motors ended its “swift” 2009 bankruptcy, it emerged a new company shielded from claims arising from bad, pre-bankruptcy debts and bad assets, according to Fox Business.

Ignition Switch Charlotte Bankruptcy Lawyer North Carolina Chapter 7 AttorneyLast week, however, a group of attorneys representing plaintiffs who allege their General Motors-made cars dropped in value as a result of defects in ignition switches argued before a New York bankruptcy judge that the company is not entitled to bankruptcy protection because it “engaged in fraud before and after” its 2009 bankruptcy sale.

The plaintiffs in the General Motors cases want the company to pay for “the lost resale value of the plaintiffs’ cars and for loaner vehicles and repairs,” according to Fox Business.

General Motors, on the other hand, argued to Judge Robert Gerber that the company is entitled to the bankruptcy shield, and that a bankruptcy court cannot “make changes and exceptions” to the protections afforded by the bankruptcy shield. The hearing was held before Judge Gerber in United States Bankruptcy Court for the Southern District of New York.

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