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Bankruptcy Fraud FAQ

What is bankruptcy fraud? Bankruptcy fraud is when a debtor files for bankruptcy with the intent of hiding assets or concealing funds which could otherwise be used to repay creditors. While uncommon, the FBI actively investigates bankruptcy fraud and does prosecute those who engage in bankruptcy fraud. Can I transfer or convert some of my […]

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Who files chapter 9 bankruptcy?

A Regelment-Legal bankruptcy attorney answers the question Who Files for Chapter 9 Bankruptcy? Chapter 9 of the Bankruptcy Code is reserved only for municipalities that want to file bankruptcy. How is a municipality defined? Municipalities that file chapter 9 must meet the definition in the bankruptcy code. The bankruptcy code defines municipalities as a “political […]

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How Will Bankruptcy Help Debt Relief?

A Reglement-Legal Attorney discusses how filing bankruptcy will create debt relief… What types of bankruptcy are offered to individuals? For individuals seeking debt relief, the bankruptcy code provides for several different methods for filing, depending on the individual’s financial situation. The most common types of cases filed are those in chapter 7 (liquidation) and chapter […]

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