from The American Bankruptcy Institute
Christopher Brandon Craner, 32, of Buhl, Idaho was sentenced to two years’ probation for concealing an asset in his bankruptcy case, which included personal interest from a boat. Part of Craner’s sentence includes a two month home detention with a $400 fine. His sentence comes after being charged with bankruptcy fraud-asset concealment. Craner filed for [...]
The Scooter Store, known for helping seniors regain mobility through products such as the power wheelchair and scooter, has filed for Chapter 11 bankruptcy protection due to Medicare and Medicaid fraud allegations. Earlier this year, the company headquarters was raided by federal officials. Just weeks after the raid, a large number of employees were told not to [...]
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A Tamaroa, Illinois man was recently sentenced to three years’ probation for concealing assets when he filed bankruptcy in 2009. David E. Woodside, 37, pled guilty to the charge after he waived an indictment by a federal jury back in December 2012. The United States Attorney who worked on the case, Stephen R. Wigginton, says [...]
A borrower who is establishing credit or has less than perfect credit may have a cosigner help them obtain a loan. A cosigner agrees to pay outstanding debt when the borrower is unable to make payments. It is common to have a cosigner present when applying for a loan on a vehicle, student loan, or [...]
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Hiding assets and personal property when filing bankruptcy not only jeopardizes the outcome of your case, you may face criminal prosecution and your debt may not get discharged. Not withholding details about personal property cannot be stressed enough as doing this may hurt your chances of discharging debt in subsequent bankruptcies. Many debtors fear they [...]
Janice Dickinson, 58, also known as the world’s first supermodel, filed for bankruptcy protection after owing creditors close to $1 million. Her creditors include the Internal Revenue Service (IRS) and unpaid bills from plastic surgery performed by multiple doctors. Dickinson is known as one of the most successful models in the world when her modeling [...]
In Lynchburg, VA, James Gordon Fields, 47, recently plead guilty to multiple charges of fraud including bank fraud, aggravated identity theft, false statements made pertaining to a loan, and false statements made under oath during bankruptcy proceedings. Fields was a fugitive on the run for over a year after admitting he ran from authorities when [...]
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