Minh-Vu Hoang who filed for Chapter 11 bankruptcy and submitted false information, has pleaded guilty of attempting to defraud the IRS and the bankruptcy system when hiding profits earned from the purchase and sale of foreclosures.

On May 10, 2005, Minh-Vu Hoang filed for a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Maryland. On May 27, 2005, Minh-Vu Hoang …

Category: Bankruptcy Fraud , Chapter 11 Bankruptcy

Tags: Chapter 11 Bankruptcy Debt Fraud

Permalink: /chapter-11-bankruptcy/debtor-pleads-guilty-to-bankruptcy-fraud/

According to an article in the Star-Telegram, a woman who hid more than $255,000 from a bankruptcy trustee has been sentenced to nearly three years in prison.

The article said:

“Hardy filed a personal injury lawsuit in 2001 against GE Modular Space Transport International Pool Corp. She filed for bankruptcy before the settlement. Authorities say she hid proceeds from the lawsuit. Hardy was also ordered to pay $50,000 in restitution. She was convicted of the charges on April …

Category: Bankruptcy Fraud , Lawsuits

Tags: Bankruptcy Debtor Fraud Lawsuit

Permalink: /lawsuits/debtor-who-hid-255000-charged-with-bankruptcy-fraud/

Auto dealership mogul Denny Hecker has been sued by bankruptcy trustee Randy Seaver who accuses Hecker of lying, fraud and scheming to conceal cars, cash, property and other assets from the bankruptcy court.

If Seaver has his way, Hecker won’t be allowed to use the protection of bankruptcy court to shield assets and escape the $767 million in debts he has amassed to scores of banks, casinos and other creditors around the country. Those …

Category: Bankruptcy , Chapter 11 Bankruptcy , Lawsuits

Tags: Bankruptcy Denny Hecker Fraud Lawsuit Randy Seaver

Permalink: /lawsuits/auto-dealership-mogul-denny-hecker-faces-bankruptcy-fraud-charges/

So far there have been 1.4 million bankruptcy filings this year but the numbers of prosecutions for criminal bankruptcy fraud have declined.

U.S. authorities prosecuted the fewest number of people and companies for criminal bankruptcy fraud this year since at least 1986, even as filings rose amid the worst economic crisis since the Great Depression.

The FBI, which is the primary agency that probes such cases, says it is …

Category: Bankruptcy

Tags: Bankruptcy Economy Fraud

Permalink: /bankruptcy/more-bankruptcy-filings-%e2%80%93-fewer-bankruptcy-fraud-cases/

Pamela Anderson has disputed rumors that she is considering bankruptcy.  But should the former Baywatch star file bankruptcy given the multiple liens placed o her property? According to several reports, Pamela Anderson is facing liens from various construction companies for unpaid bills totaling nearly $1 million and a bill for $252,360 for unpaid California state taxes. But despite the reports, Anderson says that she is far from filing bankruptcy : …

Comment author: Should Pamela Anderson File Bankruptcy? | Reed's Bankruptcy Blog iSilverlight

Comment by Should Pamela Anderson File Bankruptcy? | Reed's Bankruptcy Blog iSilverlight: … Anderson File Bankruptcy? | Reed's Bankruptcy Blog …

Comment author URL: http://isilverlight.cn/should-pamela-anderson-file-bankruptcy-reeds-bankruptcy-blog/

Category: Bankruptcy

Tags: Bankruptcy Celebrity Pamela Anderson Real estate Taxes

Permalink: /bankruptcy/should-pamela-anderson-file-bankruptcy/

… to a report released by the FBI, Anthony Randall Simmons a 44 year old debtor who filed for bankruptcy has been charged with bankruptcy fraud.  Federal authorities stated that Simmons filed bankruptcy and attempted to defraud the system by concealing assets that he should have disclosed. Specifically, Simmons allegedly failed to report $95,000 he received from the sale of an asset that should have been part of his bankruptcy estate. Simmons could receive a fine of up to $250,000 and …

Category: Filing Bankruptcy

Tags: Bankruptcy Fraud

Permalink: /filing_bankruptcy/debtor-accused-of-bankruptcy-fraud-faces-fine-and-imprisonment/

A debtor who filed for Chapter 7 bankruptcy was indicted on three counts of mail fraud and three counts of bankruptcy fraud for making false statements in her Chapter 7 bankruptcy petition.

The details of the bankruptcy case:

Chapter 7 bankruptcy debtor L.S. McGee had two different Social Security numbers, one in her name and one using an alias.  Because the debtor worked as a bookkeeper, she was able to use her position …

Category: Filing Bankruptcy , bankruptcy law

Tags: Bankruptcy Fraud Full Disclosure

Permalink: /filing_bankruptcy/debtor-indicted-for-bankruptcy-fraud/

… can often be a big factor when people are making the tough decision whether or not to file for bankruptcy.  Sometimes, divorce is the cause of the financial hardship leading the individual toward bankruptcy.  Other times, individuals need to know what the requirements are when it comes to divorce settlement proceedings if you already know you’re going to file for bankruptcy.  A recent case here in Texas demonstrates that failing to disclose your intention to file for bankruptcy during …

Comment by Jacob Decker: … especially in bankruptcy. Do yourself a favor and …

Category: DFW Metro Bankruptcy , Divorce and Bankruptcy , Economy

Tags: Bankruptcy Divorce Law Lawyers and Law Firms Texas

Permalink: /dfw_metro_bankruptcy/texas-state-specific-bankruptcy-and-divorce/

While bankruptcy offers a myriad of benefits to debtors, dishonest debtors ruin their chances of getting a fresh financial start.  When filing for bankruptcy it is important to tell the truth at all times.  Telling lies or distorting the truth can land you in a lot of trouble.  Below are a couple of common lies dishonest debtors tell during bankruptcy and why you should avoid them.

Some dishonest …

Category: Bankruptcy , Bankruptcy Fraud , Filing Bankruptcy

Tags: Bankruptcy dishonest Fraud Property

Permalink: /filing_bankruptcy/dishonest-debtors-won%e2%80%99t-benefit-from-bankruptcy/

Girls Gone Wild owner Joe Francis, may be facing bankruptcy after the IRS placed a lien against him for $34 million and seized his bank accounts worth approximately $100 million.  The IRS claims that Joe Francis has failed to pay taxes for 2001, 2002 and 2003; but the Girls Gone Wild owner claims that he owes the IRS nothing.  The tax lien came just weeks after Francis agreed to a plea deal to escape jail in his federal tax evasion case. …

Comment author: Girls Gone Wild Owner Facing Bankruptcy? | Reed's Bankruptcy Blog Compare on me

Comment by Girls Gone Wild Owner Facing Bankruptcy? | Reed's Bankruptcy Blog Compare on me: … Wild Owner Facing Bankruptcy? | Reed's Bankruptcy Blog …

Comment author URL: http://compare.bodyonme.com/girls-gone-wild-owner-facing-bankruptcy-reeds-bankruptcy-blog/

Category: Bankruptcy

Permalink: /bankruptcy/girls-gone-wild-owner-facing-bankruptcy/

If you are filing a joint bankruptcy with your spouse and your spouse dies during the bankruptcy process, this could impact your case in several ways. One of the most important consequences of the death of a filing spouse during bankruptcy is that the life insurance benefit payout cannot become part of the bankruptcy estate.  For example, if you and your spouse filed bankruptcy in January 15, 2010 and your spouse passed …

Comment author: My Spouse Died During Bankruptcy, Will I Lose The Life Insurance … Interest just to Me

Comment by My Spouse Died During Bankruptcy, Will I Lose The Life Insurance … Interest just to Me: … Spouse Died During Bankruptcy, Will I Lose The Life …

Comment author URL: http://interest.justtome.com/my-spouse-died-during-bankruptcy-will-i-lose-the-life-insurance/

Category: Bankruptcy , bankruptcy law

Tags: Bankruptcy Insurance policy Life insurance Texas

Permalink: /bankruptcy/my-spouse-died-during-bankruptcy-will-i-lose-the-life-insurance-payout/

Senior creditors in the Tribune Co’s Chapter 11 bankruptcy proceeding have warned the bankruptcy court against allowing bondholders to sue over the legitimacy of $10 billion of the bankrupt company’s debt. The bondholders claim that $10 billion in debt for a leveraged buyout of the Tribune in 2007 was fraudulently incurred and therefore holders of the debt should have their claims disallowed or subordinated below the claims of …

Category: Bankruptcy , Breaking News , Chapter 11 Bankruptcy , Economy , Filing Bankruptcy

Tags: Chapter 11 Bankruptcy Fraud Tribune Co

Permalink: /filing_bankruptcy/tribune%e2%80%99s-bankruptcy-dispute-spawns-%e2%80%9cworld-war-iii%e2%80%9d/