Bankruptcy is an institution which is taken very seriously by the American judicial system and falsifications on bankruptcy filings are often prosecuted to the fullest extent of the law which can result in years of jail time and up to $250,000 in fees. Intentional false filings and omissions of information during a bankruptcy filing are serious crimes and can prove more financially devastating than a bankruptcy or foreclosure could ever be. Unfortunately, many individuals who do not intent to misrepresent their financial situations often do so without knowing during their bankruptcy filings. Evaluating and disclosing all assets and property can be a difficult and time consuming process which occasionally results in several errors. Preventing bankruptcy filing errors and only filing truthful and well researched bankruptcy filings is the best way to prevent bankruptcy crime charges, but this can prove difficult for many individuals.
The role of a bankruptcy lawyer is not only to help their clients put together bankruptcy filings which will work in their best interest; it is also to make sure that filings are complete and free from errors. Accepting payment for bankruptcy filing help is illegal for anyone other than a qualified attorney and the work a qualified bankruptcy lawyer completes for a filer is done to make sure that each bankruptcy filing is truthful, complete, and in accordance with all laws. Knowing the many laws that exist and the changing rulings that pertain to bankruptcies helps lawyers prevent legal predicaments for their clients and keeps bankruptcy filings from lacking any important information or disclosures.
Unfortunately, many people who file bankruptcies on their own make errors during the filing process. These errors can lead to investigation and charges of wrongdoing and often expose individuals to the possibility of significant liability. Charges of bankruptcy crimes, like any other criminal charge, can be refuted and are subject to an investigation and trial. Even when a bankruptcy attorney was not contacted prior to filing, one can often help in the legal defense of bankruptcy crimes charges. Being that bankruptcy crimes are specific to bankruptcy filings, consulting an experienced bankruptcy lawyer is usually the best option for individuals and businesses accused of committing bankruptcy crimes.
If you are considering bankruptcy or stand accused of bankruptcy crimes, we at the Norton Law Offices can help. Contact one of our experienced and knowledgeable attorneys today to learn more about your legal options.