Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Can a bankruptcy dismisal be turned into a criminal case if the charge is concealment of assets is brought against the filer even if it was within the time frame of being amendable.
Response: Yes, it can because your concealment of assets will fall under bankruptcy fraud. See 18 U.S.C. § 157 . Proof of fraud requires showing that the defendant knowingly and fraudulently made a misrepresentation of material fact—concealment of assets in your case. Bankruptcy fraud carries a sentence of up to five years in prison, or a fine of up to $250,000, or both. See 18 U.S.C. § 152.