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Bankruptcy fraud is an extremely serious issue and is definitely subject to prosecution, subtantial fines and incarceration. Because it is a federal felony each proven count of concealment constitutes a separate criminal count. Each concealment count that the defendant is found guilty of carries a mandatory 5-year prison sentence which usually will be imposed to run consecutively. It would be in the person's interest to retain legal counsel as soon as possible or at the very least legal advice from a qualified bankruptcy attorney.

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Q: If you filed Chapter 7 and were dismissed due to what the trustee said were fraudulent circumstances under code 707 will you be prosecuted and have to pay fines?
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Related questions

If you voluntarily have a chapter 13 bankruptcy dismissed will your creditors be notified of the dismissal?

Yes. If you voluntarily have a chapter 13 bankruptcy dismissed, your creditors will be notified of the dismissal.


How long does a dismissed chapter 13 bankruptcy stay on your credit file?

A Chapter 13, whether it is dismissed or successfully receives discharge, is on your credit report for 7 years. A chapter 7 is on your credit report for 10 years. i called equifax and a discharged chapter 13 stays on for 7 years and a dismissed chapter 13 stays on for 10 years


Can you file chapter 13 after being dropped?

IF by dropped you mean the case was dismissed, the answer depends on when and why the case was dismissed.


How can you convert from a Chapter 13 to a Chapter 7 without your spouse even though both are on a dismissed with prejudice Chapter 13?

Since its dismissed w/ prejudice - Wait 180 days and file an individual chapter 7. Your spouse does not have to file.


Can a chapter 13 bankruptcy be dismissed if the petitioner dies?

Yes.


How do you remove a dismissed chapter thirteen bankruptcy from a credit report?

You can't. A valid entry for a dismissed chapter 13 bankruptcy will remain on a credit report for seven years from the date of dismissal.


If you gave up a car in chapter 13 will you have to pay for it if the chapter 13 is dimissed?

if your chapter 13 gets dismissed can you buy a car


Can you file a chapter 13 bankruptcy on a fraudulent debt with unemployment?

I wish if I knew the answer


Can a chapter 13 bankruptcy that has been dismissed be discharged?

No, once a bankruptcy is dismissed it has to be refiled after the time limit has expired. The time limit to refile after a chapter 13 dismissal is two years.


In South Carolina when can a chapter 7 bankruptcy be filed after a chapter 13 has been dismissed?

Two years after the date of the chapter 13 dismissal.


Can you refile chapter 13 bankruptcy under the new bankruptcy law after your case was dismissed to avoid foreclosure?

A chapter 13 can be filed if it has been at least two years from the date the first filing was dismissed.


How long will a dismissed bankruptcy stay on your credit report?

i am A Mortgage Broker The Bankruptsy Never Leaves The VCredit Report But if You Are Trying To Do Something With Your Credit Banks Go off The Discharge Date * 10 years for a dismissed chapter 7 and 7 years for a dismissed chapter 13.