Bankruptcy fraud
Term · Law · MLC-T-LAW-000669
The commission of illegal acts by a debtor or creditor during a bankruptcy proceeding, typically involving the concealment of assets, false statements, or the filing of multiple petitions. This is a federal crime punishable by fines and imprisonment. Examples include hiding property from the trustee or making false claims.
| Identifier | MLC-T-LAW-000669 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-000669",
"term": "Bankruptcy fraud",
"field": "Law",
"definition": "The commission of illegal acts by a debtor or creditor during a bankruptcy proceeding, typically involving the concealment of assets, false statements, or the filing of multiple petitions. This is a federal crime punishable by fines and imprisonment. Examples include hiding property from the trustee or making false claims.",
"url": "https://mlchart.com/terminology/law/bankruptcy-fraud/"
}
Record 466 of 5,445 in Law terminology (MLC-0107). Request the full dataset.