The National Hockey League (NHL) has filed a lawsuit against former Phoenix Coyotes owner Jerry Moyes over the hockey team's bankruptcy filing. The bankruptcy filing was quite a surprise for the NHL and sparked months of legal battles that seemed to end in November-however the battle has is far from finished. The league claims that [...]
Former auto tycoon Denny Hecker is facing a slew of criminal charges and the possibility of losing his defense attorneys. Hecker has been charged with 10 counts of bankruptcy fraud, eight counts of wire fraud and one count of money laundering. The bankruptcy fraud charges accuse Hecker of failing to disclose numerous assets on his [...]
Scammers have a few new tricks up their sleeves which now include a scheme designed to defraud Chapter 13 bankruptcy debtors. How The Scam Works Chapter 13 bankruptcy debtors are sent a letter on very "official" looking letterhead titled "Notification of Debt Relief and Loan Modification" and it goes on to say that the debtor's [...]
Harris Poulikidis, 62, pleaded guilty in a federal court participated in a bank fraud scheme that forced several low-income homeowners into bankruptcy by saddling them with excessive amounts of debt they were unable to pay. Poulikidis admitted that he caused a homeowner to obtain a $61,500 loan from Fremont Investment and Loan to refinance a [...]
While bankruptcy offers a myriad of benefits to debtors, dishonest debtors ruin their chances of getting a fresh financial start. When filing for bankruptcy it is important to tell the truth at all times. Telling lies or distorting the truth can land you in a lot of trouble. Below are a couple of common lies [...]
The Tribune Co. which filed for Chapter 11 bankruptcy in December 2008, is being accused of fraudulent conveyance because of a $8.6 billion transaction before the company filed bankruptcy. After an investigation that included getting documents from Tribune, the Official Committee of Unsecured Creditors formally asked U.S. Bankruptcy Court in Delaware for permission to file [...]
Minh-Vu Hoang who filed for Chapter 11 bankruptcy and submitted false information, has pleaded guilty of attempting to defraud the IRS and the bankruptcy system when hiding profits earned from the purchase and sale of foreclosures. On May 10, 2005, Minh-Vu Hoang filed for a voluntary petition under Chapter 11 of the Bankruptcy Code in [...]
According to an article in the Star-Telegram, a woman who hid more than $255,000 from a bankruptcy trustee has been sentenced to nearly three years in prison. The article said: "Hardy filed a personal injury lawsuit in 2001 against GE Modular Space Transport International Pool Corp. She filed for bankruptcy before the settlement. Authorities say [...]
According to a report released by the FBI, Anthony Randall Simmons a 44 year old debtor who filed for bankruptcy has been charged with bankruptcy fraud. Federal authorities stated that Simmons filed bankruptcy and attempted to defraud the system by concealing assets that he should have disclosed. Specifically, Simmons allegedly failed to report $95,000 he [...]
A debtor who filed for Chapter 7 bankruptcy was indicted on three counts of mail fraud and three counts of bankruptcy fraud for making false statements in her Chapter 7 bankruptcy petition. The details of the bankruptcy case: Chapter 7 bankruptcy debtor L.S. McGee had two different Social Security numbers, one in her name and [...]