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No, in any way, shape or form. It is an entirely legal thing that provides court protection for someone (or company) needing it. The main downside is that it ruins your credit, though bad credit is not a crime.

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8y ago

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Related Questions

If you file Bankruptcy can you still vote?

In the United States bankruptcy has nothing to do with voting. Only a felony or being in prison or jail prevents you from voting. One state may allow felons in prison to vote.


Will a felony bench warrant show up if you file bankruptcy?

If there is a felony warrant on file for you somewhere AND it was entered into NCIC,(national crime information database) it will be found if ever/whenever someone in law enforcement accesses your name and DOB.


Can you access equity in your home soon after your bankruptcy is discharged although the current equity is much more than what was listed on the bankruptcy?

This is an issue that you need to discuss with a qualified attorney and no one else. If the equity in the home was erroneously reported deliberately on the bankruptcy schedule, there can be some very serious consequences. Bankruptcy fraud is a federal felony and each count of fraudulent information results in a five-year prison sentence.


Is fraudulant transfer act a criminal offense or a civil offense?

Criminal. When it is connected with bankruptcy or is used to protect it from creditor attachment it generally constitutes a federal and/or state felony.


What if i overdraw my checking account after chapter 13 bankruptcy?

Writing bad checks is a criminal act..it can be a felony (depending on the amount)...the prior BK is irrelevant to future actions anyway.


Is murder a felony or misdemenior?

Felony. Serious felony.


What is a b felony misdemeanor?

A felony is not a misdemeanor, and a misdemeanor is not a felony.


You owe your sister money can you file bankruptcy on that loan?

If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.


What does the letters behind a Felony mean?

The letters that follow a felony are the degrees of the felony crime. A felony 6 is the lowest felony with a 1 being the highest.


How long bankruptcy after discharged records stays?

1st bankruptcy = 7 years 2nd bankruptcy = 20 years 3rd bankruptcy = life


Which companies offer information on bankruptcy?

Some companies that offer information on bankruptcy include Dow Jones and Jacob Meyers Bankruptcy. You can also find information on bankruptcy on the bankruptcy Wikipedia page.


Is 7-eleven in bankruptcy?

no , ther not in bankruptcy

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