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
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
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.