BANKRUPTCY FRAUD LAWYER FAIRFAX, VA – YOUR SAVIOR IN DIFFICULT TIMES
Bankruptcy fraud, as the name suggests, is a crime that is committed when somebody declares themselves bankrupt even though they may not be so. Bankruptcy or insolvency is declared by individuals when they are unable to pay back the money that they owe to the creditors. This can happen because of job losses, suffering from some disease, or even divorce. When somebody declares insolvency, the properties belonging to the individual are liquidated and the creditors are paid off. Declaring oneself insolvent can be somewhat overwhelming emotionally but is a huge sigh of relief, financially. Declaration of insolvency can give a new lease of life for those suffering monetarily because this helps them rearrange their expenses, businesses, and their lives too. Such provisions have been made to help those who are genuinely suffering from financial distress. At times, some people whether knowingly or unknowingly hide some of their assets when filing for insolvency. This is also viewed as a white-collar crime, inviting strict punishments in law.
Virginia views every type of crime very strictly including those of insolvency scam. Virginia hands over more stringent punishments for any kind of crime as compared to other states in the US. Whether a scam or not in real, if somebody has been slapped with insolvency scam charges in Fairfax, VA Virginia, it is imperative that the person gets in touch with Bankruptcy Fraud lawyer Fairfax, VA as soon as possible. It is only a Bankruptcy Fraud lawyer Fairfax, VA who can save defendants in such times of need. Skilled Bankruptcy Fraud lawyer Fairfax, VA from the Law Office of SRIS, P.C. helps clients with the best solutions regarding such cases.
Insolvency scam cases are rampant in the US. By a rough estimate, about ten percent of insolvency cases come under the scanner. People tend to misrepresent or conceal assets for the purpose when filing. Since this is a provision that has been made to help out people in the ordeal, any kind of misuse for personal benefits and to cheat the government and people who owe money, is treated very critically. Since the cases of insolvency are on the rise, there is no denying that Bankruptcy Fraud lawyer Fairfax, VA is always in demand.
Charges where a bankruptcy fraud lawyer Fairfax, VA can help
Insolvency scams are one of the more serious white collared federal crimes that are treated at par with bank scams, embezzlements, and bribery, tax, or insurance scams. Insolvency in Virginia attracts punishments in keeping with other kinds of white-collared crimes mentioned. Since such a crime, if proven, can lead to a conviction, none of the accused can afford to take the charges of insolvency scam lightly. They should get in touch with a Bankruptcy Fraud lawyer Fairfax, VA immediately if their insolvency declarations are raising eyebrows. Any such accused must hire a Bankruptcy Fraud lawyer Fairfax, VA. A lawyer can help only in cases wherein someone wants to declare insolvency but Bankruptcy Fraud lawyer Fairfax, VA will help clients in cases where they are facing charges of insolvency scam. That is because the genres of both these lawyers are different and only a Bankruptcy Fraud lawyer Fairfax, VA would know the best ways to fights the charges pressed on their clients.
There are generally four types of charges that are levied on the defendants in insolvency scam cases. A Bankruptcy Fraud lawyer Fairfax, VA from the Law Offices of SRIS, P.C. can help the clients if they are facing either or combination of these charges.
- Concealment of assets – This is one of the most common charges in an insolvency scam. In some cases, people conceal their assets and file for insolvency to get their debts discharged. Concealment of assets means that those filing for insolvency lies to the authorities regarding their assets. In most cases, the accused generally transfers the ownership of the assets to family members or friends before filing for insolvency. A skilled Bankruptcy Fraud lawyer Fairfax, VA knows the best ways to defend their clients in such cases. Even if their clients have been found to conceal their assets, Bankruptcy Fraud lawyer Fairfax, VA can help them to get their quantum mitigated or completely quashed, if possible. Bankruptcy Fraud lawyer Fairfax, VA also helps their clients with instances wherein they have misquoted the values of their properties.
- Filling the form with false information – Whether intentionally or unintentionally, sometimes people tend to fill the forms with information that may not be correct. Since the filling of forms and filing for bankruptcy are conducted under oath, such errors are viewed with grave seriousness. Such an error might even lead to a jail term. Bankruptcy Fraud lawyer Fairfax, VA helps their clients with the best defenses to help them wriggle out of such charges with as little damage as possible. Even though this is a grave error, the endeavor of every Bankruptcy Fraud lawyer Fairfax, VA is to prove in the court that the wrong information filled by clients has been purely unintentional.
- Multiple filings for Insolvency – There is capping to the number of times that a person can file for insolvency in a certain time. Those who do not know about such facts and file multiple times, end up raising suspicions. As a result, they come under the scanner. Bankruptcy Fraud lawyer Fairfax, VA tries to prove in the court that the actions of their clients do not bear any mala fide intentions and that they did not try to hoodwink anybody. They have to prove in the courts that their clients were not aware of the laws regarding filing of multiple bankruptcies and that the same has been done, erroneously.
- Bribing the trustee – A trustee is a person from the Department of Justice in the United States, and is appointed to monitor the proceedings of the case. They represent the debtors in such cases. Several times, there are complaints regarding the debtors trying to or have bribed such trustees to gain more favorable outcomes in the proceedings. These are very serious charges and invite stringent punishments in Virginia. If pressed with such charges, the debtor should hire a Bankruptcy Fraud lawyer Fairfax, VA immediately so that the attorney can get into action and do the damage control. As any expert Bankruptcy Fraud lawyer Fairfax, VA would know, this is the most serious amongst the charges in insolvency scam cases. If a client is charged with an attempt to bribe the trustee, their legal representative has to work extra hard in bailing out their clients from the legal mess.
Penalties where bankruptcy fraud lawyer Fairfax, VA can help
Insolvency scam charges in Virginia may attract up to $250,000 in fines and/or imprisonment term up to five years. Little wonder then, getting in touch with a Bankruptcy Fraud lawyer Fairfax, VA and getting right into corrective action is extremely imperative in such cases. A skilled Bankruptcy Fraud lawyer Fairfax, VA may not be able to completely do away with any kind of punishment if there is compelling evidence against their clients, but they can for sure reduce the severity of the same.
A Bankruptcy Fraud lawyer Fairfax, VA does much more than just handling the cases for their clients. Bankruptcy Fraud lawyer Fairfax, VA represents their clients in the courts. They cross-question the public prosecutors with regards to the evidence produced by the latter. Such cross-questioning may at times lead to serious loopholes in the public prosecutor’s version of the case. Bankruptcy Fraud lawyer Fairfax, VA also guides their clients regarding the right ways to respond in interrogations. The Law Offices of SRIS, P.C. help clients with the best defenses in the case. Bankruptcy Fraud lawyer Fairfax, VA also helps clients understand their rights and guides them regarding the best ways to protect them. The charges of insolvency scam if proved in the court may not only lead to penalties but shall also lead to the dismissal of the cases filed by the defendants. It goes without mention that insolvency scam charges add a burden on the defendants who are already battling acute financial distress. Hiring Bankruptcy Fraud lawyer Fairfax, VA immediately becomes all the more important in such cases.
One needs to understand that in the cases of insolvency scam, the defendants not only face the punishments handed out by the courts but even long after the same has been served, such people bear the brunt of the charges financially, socially, and emotionally. Insolvency scam charges tarnish the reputation of the accused for life. Such people not only face extreme financial miseries but also job losses and denial of loans too. It, therefore, becomes extremely important to get into damage control as soon as one is charged with an insolvency scam. And such damage control can only be carried out by an adept Bankruptcy Fraud lawyer Fairfax, VA.
Choosing the right bankruptcy fraud lawyer Fairfax, VA
As much as it is important to hire an expert Bankruptcy Fraud lawyer Fairfax, VA for fighting the charges of insolvency scam, it is also equally important to zero in on the right Bankruptcy Fraud lawyer Fairfax, VA for the purpose. Hiring an expensive Bankruptcy Fraud lawyer Fairfax, VA may not be the best solution herein since the defendants are already in financial distress in such cases. It is not an intelligent decision either to go with the cheapest Bankruptcy Fraud lawyer Fairfax, VA. It is vital to choose the Bankruptcy Fraud lawyer Fairfax, VA who is well within the budget of the defendant yet shall do a stellar job in the case.
Since there are several Bankruptcy Fraud lawyer Fairfax, VA, one should pay a little diligence whilst choosing one. Availing all the relevant information regarding insolvency scam cases handled by a particular Bankruptcy Fraud lawyer Fairfax, VA and the outcomes of the cases is very essential. This would go a long way in helping the defendants choose the right Bankruptcy Fraud lawyer Fairfax, VA. Once chosen, the defendant should be completely true to their Bankruptcy Fraud lawyer Fairfax, VA and reveal all significant information in all their honesty. Unless their Bankruptcy Fraud lawyer Fairfax, VA knows a complete truth, they cannot defend the clients in the courts. It is also important to find a certain comfort level with the chosen Bankruptcy Fraud lawyer Fairfax, VA. The chosen Bankruptcy Fraud lawyer Fairfax, VA should not be intimidating for the clients. Since the clients put their utmost faith in their Bankruptcy Fraud lawyer Fairfax, VA, the chosen Bankruptcy Fraud lawyer Fairfax, VA must live up to the faith.
Why is it important to take bankruptcy fraud charges seriously?
Insolvency scam cases come to light once a trustee is appointed to oversee the proceedings of the case. If the trustee feels something amiss in the facts and figures in the filing of the case and feels the need for investigation does fraud case gets initiated. Several times those filing overlook factors that need to be looked into and hence end up with insolvency scam charges. Bankruptcy Fraud lawyer Fairfax, VA with the help of evidence and correct defenses tries to prove the same in the court. White-collared crimes are looked at very strictly in every state of the United States and the charges and the punishments regarding the same are also very harsh. In several instances, even a small error on the part of those filing has resulted in them being charged and punished severely. The role of Bankruptcy Fraud lawyer Fairfax, VA hence becomes extremely crucial in the given scenario.
If an insolvency scam is committed alongside other crimes like bank fraud money laundering, then the role of Bankruptcy Fraud lawyer Fairfax, VA becomes all the more crucial. This is because all such crimes are white-collared crimes and the quantum of punishment escalates multiple times if several different crimes point to the same person or group. Insolvency scam cases come under the ambit of the FBI and hence facing such charges can be very petrifying. Only seasoned attorneys like those of Bankruptcy Fraud lawyer Fairfax, VA can help in such matters.
Although several times, incomplete disclosure of assets is not intentional on the part of the defendants but in several instances they are intentional too. People deliberately hide their assets so that they are spared from being liquidated for the purpose of paying back the creditors. People come under the scanner, especially if just before filing for insolvency they have transferred properties to their friends or relatives. Whether intentional or unintentional, people come under the scanner if they have hidden correct information regarding their properties while filing. This being a federal crime, it takes a lot of skill on the part of Bankruptcy Fraud lawyer Fairfax, VA for the court to arrive at a judgment that is in favor of their clients. The charges are also applied in cases wherein the defendants may have bought certain properties while the proceedings were on. The punishment in every such case depends upon the level of the fraud committed. The punishment gets especially harsh stringent if the evidence proves that the defendant had bribed the trustee. Such actions can invite jail terms.
It is the public prosecutor’s responsibility to prove the charges. Many times despite putting up an enormous amount of evidence, the public prosecutor is not able to prove so because of skillful maneuvering by Bankruptcy Fraud lawyer Fairfax, VA. Despite these being difficult cases, every Bankruptcy Fraud lawyer Fairfax, VA strives hard to minimize the quantum of punishment to the lowest limit possible.
The final word on bankruptcy fraud lawyer Fairfax, VA
Insolvency scams are time-consuming, and financially and emotionally taxing processes. Handling such cases requires superlative knowledge about the laws. Not only that, since this is a federal crime, responding and preparing the case herein in ways that benefit the defendants demands a lot of strategic planning. Bankruptcy Fraud lawyer Fairfax, VA has a Herculean task at hand when they take the case. Bankruptcy Fraud lawyer Fairfax, VA needs to strive very carefully during the court proceedings.
Bankruptcy Fraud lawyer Fairfax, VA has to fight the battle for their clients despite knowing that even their very best efforts may not lead to victories very easily. If a person has filed and receives any kind of request from federal agents for showing the related documents, the request should set the alarm bells ringing. It is always advisable for such a person to consult a skilled Bankruptcy Fraud lawyer Fairfax, VA before showing the documents or making any statements. Responding without consulting Bankruptcy Fraud lawyer Fairfax, VA in such cases can come to be very costly.
All said and done, it is a no-brainer to state that consulting and hiring a Bankruptcy Fraud lawyer Fairfax, VA is the most essential step to take as soon as one senses trouble in their proceedings. More so, if they are aware that they have omitted out certain information. Any delay in consulting a Bankruptcy Fraud lawyer Fairfax, VA can directly impact the quantum of punishment for the defendant. For this reason, get in touch with the competent Bankruptcy Fraud lawyer Fairfax, VA at the Law Office of SRIS, P.C.