Bankruptcy Fraud Defense

Bankruptcy Fraud Defense Attorney in Chicago

Trust in a Firm with 25+ Years of Legal Experience

When a person files for bankruptcy, they are required to do so in a truthful and accurate manner. Knowingly submitting a bankruptcy filing that is false or omits certain assets is a criminal offense and can expose a person to serious legal consequences if convicted. If you have been accused of bankruptcy fraud, it is imperative you retain a powerful defense to protect your future and freedom. At Smith Ortiz, P.C., our experienced Chicago bankruptcy lawyers are well versed in both criminal defense and bankruptcy law and can provide the results-driven defense you need during this difficult time.

Our firm stands apart from the rest of the pack for the following reasons:

  • Experience in both criminal defense and bankruptcy law
  • Personalized, one-on-one advocacy
  • Powerful courtroom presence
  • Customized solutions unique to each client

Your future may be at stake - call (312) 945-7451 today to retain a powerful defense.

An Overview of Bankruptcy Fraud

Bankruptcy fraud is a broad category of different acts intended to take advantage of the bankruptcy process for dishonest personal gain. Nearly 70% of all bankruptcy fraud charges involve an applicant allegedly intentionally concealing assets in order to protect them from being claimed by creditors. However, asset concealment is not the only act that can be included in this category. Acts such as making false statements under oath, filing false claims, giving or taking bribes, or omitting relevant financial records during the bankruptcy process. Bankruptcy fraud is both a federal criminal offense and a civil wrong and can carry various harsh consequences upon conviction.

Penalties for bankruptcy fraud can include:

  • Forfeiture of discharge rights
  • Loss of bankruptcy exemptions
  • Up to five years in prison and/or three years’ probation
  • Fines up to $250,000

In many cases, bankruptcy applicants find themselves accused of fraud as a result of inadvertent mistakes when filing their paperwork, such as listing an asset under their liabilities. Whatever the case may be, if you are facing bankruptcy fraud charges, our firm’s skilled lawyer can examine the circumstances of your situation and craft a strategy that challenges the prosecution’s claims and maximizes your chances of securing a favorable outcome for your situation.

Hire a Chicago Bankruptcy Attorney Who Knows Both Sides

With so much at stake, you cannot afford to go with a less qualified attorney. Unlike other lawyers that simply claim to “handle” bankruptcy fraud cases, our firm is intimately familiar with the ins and outs of both bankruptcy and criminal defense law, giving us the invaluable insight to skillfully handle both the financial and criminal aspects of your case. We truly believe you are innocent until proven guilty, and we are prepared to stand by your side every step of the way throughout the duration of your case.

Schedule a free consultation or contact our office today to review your legal options.

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