Fraudulent Transfers, Preferences and Clawbacks
Words that you might hear from your bankruptcy attorney are fraudulent transfer, preference or preferential payment, and clawbacks. What are these and, more [...]
Fraudulently Incurred Debt
Section 523(a)(2) of the Bankruptcy Code contains exceptions for discharge of debts that are fraudulently incurred. This section has two subsections, (A) and (B), which, though similar in a lot [...]
Just Tell the Truth
A Boulder, Colorado, spinal surgeon reportedly reached a plea deal with federal prosecutors after she was charge with bankruptcy fraud. Cathleen Van Buskirk was indicted last December and charged [...]
Riches to Rags to Riches — The Continuing Saga of 50 Cent
Twice before I’ve written about rapper 50 Cent’s financial problems, here and here. Now it seems he’s put them all behind him, courtesy of $8 million in Bitcoins he forget he [...]
Utah Couple Sentenced for Bankruptcy Fraud
A Utah couple, Cortney S. Valentine and Nicolette P. Valentine, of Liberty, Utah, were sentenced on March 2 in Idaho for bankruptcy fraud. According to the plea agreement, Cortney Valentine, 40, [...]
File Bankruptcy Unnecessarily, Hide Assets, Lie to the Court. What Could Possibly Go Wrong?
In what a United States Court of Appeals has described as a “bizarre case,” a debtor unnecessarily filed bankruptcy, hid assets from the trustee, lied to the court and ultimately [...]