Why it’s important not to defraud the bankruptcy trustee.
WXVT television displayed an article from the Associated Press yesterday about a Mississippi woman sentenced for bankruptcy fraud.
Apparently she received a settlement from a personal injury lawsuit after filing for bankruptcy. She received more than $255,000, but didn’t relay this information to the bankruptcy trustee. This lady was sentenced to nearly 3 years in prison and ordered to pay restitution in the amount of $50,000.
When the bankruptcy court demands full disclosure of assets, they mean it.
For more information, visit WXVT.
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Julie
