How much time can you get for Bankruptcy fraud?
922268
There are loads and loads of penalties under bankruptcy law, both federal and state, as well as under various criminal code sections relating to bankruptcy.  There is, however a section under federal law (Title 18, Section 157) that is actually called "Bankruptcy Fraud."  Under this section, the maximum jail time is 5 years.  Here is the link to it:\n\nhttp://www.law.cornell.edu/uscode/html/uscode18/usc_sec_18_00000157----000-.html
537303
The debt is void if request for payment has not been made in 7 years. If they contact you, requesting payment, every 6 years the debt is still valid until bankruptcy or death.
705795
CREDIT INQUIRIES TO THE FILE: An Inquiry made by a Creditor will automatically purge three (3) years from the date of the inquiry. The system will keep a minimum of five (5) inquiries. \n\nCREDIT HISTORY AND BANKING INFORMATION: A credit transaction will automatically purge from the system six (6) years from the date of last activity. \nAll banking information (checking or saving account) will automatically purge from the system six (6) years from the date of registration. \n\nVOLUNTARY DEPOSIT - ORDERLY PAYMENT OF DEBTS, CREDIT COUNSELING: When voluntary deposit – OPD – credit counseling is paid, it will automatically purge from the system three (3) years from the date paid. \n\nREGISTERED CONSUMER PROPOSAL: When a registered consumer proposal is paid, it will automatically purge three (3) years from the date paid. \n\nBANKRUPTCY: A bankruptcy automatically purges six (6) years from the date of discharge in the case of a single bankruptcy. If the consumer declares several bankruptcies, the system will keep each bankruptcy for fourteen (14) years from the date of each discharge. All accounts included in a bankruptcy remain on file indicating “included in bankruptcy” and will purge six (6) years from the date of last activity. \n\nJUDGMENTS, SEIZURE OF MOVABLE/IMMOVABLE, GARNISHMENT OF WAGES: The above will automatically purge from the system six (6) years from the date filed. \n\nCOLLECTION ACCOUNTS: A collection account under public records will automatically purge from the system six (6) years from the date of last activity.
846718
My close friend does credit repair and you are guaranteed results in 60 days.  Whatever he cannot clear, he'll refund you the money that was borrowed to clear that collection item or what have you. \n\nIf you want to do it yourself, you need to contact the three bureaus Equifax, Experian and Transunion and write them letters of dispute, confusing them so much that they sometimes clear your debt since they're tired of investingating it over and over.. it's time consuming and boring.....and who knows if you'll get the results you want...\n\nAs far as building your credit, call your collection agencies and negotiate w/ them to pay half of what you owe them, THREATEN them that you will file a bankruptcy, so either they should take your offer or else shove it....bargain w/ them....\n\nSlowly make your payments on time, and you'll see your fico score rise month after month.....if you have any further questions e-mail me at edgarambart23@yahoo.com\n\nI'm a loan officer, and an entrepeneur, and deal w/ clients w/ similar problems on a daily basis.  \n\nHope this helps.....
394386
First, the penalty for perjury in a bankruptcy court is probably the same that it is in other types of courts.\n\nI don't know what state you are in, but just for fun I checked the penalty for perjury in NJ (where I'm from).  Under NJ law, perjury is punishable by a term of imprisonment of 3-5 years.
849535
A chapter 7 bankruptcy stays on your credit file for 10 years. Most other negative information will come off after 7 years from the last activity. If a debt is written off, it should come off 7 years from the date of write off. You can contact the three credit bureaus and they can tell you when specific items will come off of your report.
812214
Please contact the local bar association for a referral to a bankruptcy attorney.  Consult with that attorney for accurate answers to your questions.
14792
Chapter 7\n\nChapter 7 bankruptcy, sometimes call a straight bankruptcy is a liquidation proceeding. The debtor turns over all non-exempt property to the bankruptcy trustee who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable debts usually within four months. In the vast majority of cases the debtor has no assets that he would lose so Chapter 7 will give that person a relatively quick "fresh start".\n\nOne of the main purposes of Bankruptcy Law is to give a person, who is hopelessly burdened with debt, a fresh start by wiping out his or her debts.\n\nChapter 13\n\nChapter 13 Bankruptcy is also known as a reorganization bankruptcy. Chapter13 bankruptcy is filed by individuals who want to pay off their debts over a period of three to five years. This type of bankruptcy appeals to individuals who have non-exempt property that they want to keep. It is also only an option for individuals who have predictable income and whose income is sufficient to pay their reasonable expenses with some amount left over to pay off their debts. More information on Chapter 13.\n\nNew Bankruptcy Law taking effect on October 17, 2005: The major intent of bankruptcy reform is to require people, who can afford to make some payments towards their debt, to make these payments, while still affording them the right to have the rest of their debt erased. These people MUST file Chapter 13. \n\nCredit Report\n\nBankruptcy filings are public records.  However, under normal circumstances, no one will know you went bankrupt. The Credit Bureaus will record your bankruptcy and it will remain on your credit record for 10 years.
19330
Your only recourse is with the courts.  If the business filed bankruptcy, you must file a claim for the value of your property.  If not, then take the owners to small claims court.  Either way, you may not see your money for years while your claim is processed.\n\nGood Luck!
567037
I wish you folks would actually know the answer and quit guessing!\n\nNow class, lets all open our books to the Fair Credit Reporting Act.\n\nIt says :\n\n==============\n§ 605. Requirements relating to information contained in consumer reports [15 U.S.C. § 1681c]\n\n(a) Information excluded from consumer reports. Except as authorized under subsection (b) of this section, no consumer reporting agency may make any consumer report containing any of the following items of information:\n\n    (1) Cases under title 11 [United States Code] or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years.\n=============\n\nTherefore, it can only be posted for 10 years, and must be removed.  It has nothing to do with the "statute of limitations".\n\nNow, what you need to find out is if you were rejected due to information supplied by the credit reporting agency, or did they find this out by going through bankruptcy court records.  Those records are considered "public records" and do not go away or get erased. \n\nIf it was from the CRA, you should contact the agencies and inform them that they are improperly posting adverse inforamtion about you, in violation of the Fair Credit Reporting Act.  By doing this, you can hold them liable for any damages, such as the loss of a loan, or higher interest rates you are forced to pay when you do find one.\n\nIf you send them a letter, you should see this come off within 30 days.  If not, sue them!  Contact me if you need help.\n\nI am not a lawyer or credit counsoler, just someone who knows the law and helps to counsel people in dealing with creditors/agencies.
423875
The biggest thing is that it created a means test for filing chapter 7 bankruptcy, in which most assets are completely liquidated and the proceeds given to creditors and all outstanding debt (aside from some protected debt, like mortgages) is discharged. The result is that most people no longer qualify for chapter 7, and instead have to file chapter 13, in which a repayment plan, usually over 3-5 years, is created, in which ALL disposable income goes toward paying off debt, and at the end of that, any remaining debt is discharged.
978208
I've read many of Debt Guru's answers in the past and they usually are fairly decent.  But this one I have to comment on.  It's very self-serving and borders on spam.  I don't suppose you are the owner/employee of this company, are you?\n\nTelling people not to file because it "stays on your public record the rest of your life" is the exact sort of scare tactic nonsense that collection agencies tell you.  Yes, the statement is true, but very few creditors go through the trouble of referencing bankruptcy records, and depend more on credit reports.  BK filings drop off credit reports after 10 years.  You know that!  So why are you passing on this sort of advice, other then scare people enough to do business with you?\n\nOne more reason why people need to look carefully at these "credit repair" companies.\n\nTo answer your question, it really depends on how much debt you are in.  You need to look at your individual situation and see if it's the right thing to do.  A bankruptcy attorney will give you an hour of free advice, so call around and do some research.  NEVER file a BK on your own.
960378
Fraud on your part, or theirs?  Your response is simply that the credit card company told you what consitituted "income."  The bankruptcy court is likely far more interested in what your CURRENT ability to pay your debts is, than it is what you put on an application six years ago.\n\nSounds like a question for your lawyer (you do have one, right?) just to make sure, though.
164940
Talk to the attorney that represented you in the bankruptcy. That is what he/she was paid for. Make sure this creditor was in the petition to discharge in the first place. If not then they have every right to pursue the matter further.
110064
First, I don't know what state your in but most credit card debt falls under open accounts and their SOL (statue of limitations) is 3-5 years. You need to check the sol in your state.\nSecond, considering the age of the account more than likely this is a junk debt buyer. You need to send them another DV (debt validation letter)along with a limited C&D (cease & desist (letter telling them to only contact you in writing)) by CMRRR (certified mail return receipt requested) so you have proof you have asked for validation.\nThird, if the collector is reinserting the debt on your credit report without notifying you within 5 days they are violating FCRA.\nI would would not advise calling anyone. It would be best to stay off the phone and make all contact via snail mail using CMRRR.\nIt is unlikely with the age of this account that they will sue. However, if they do, you may be able to use SOL as a defense. Under the FDCPA they cannot state actions, such as a lawsuit, will be taken against you, when such action legally may not be taken, or when they do not intend to take such action. Since odds are the debt is so old it they may not be able to sue therefore in violation. Please check out the links below for further information and good luck
1074672
Contrary to what other posters have said, bankruptcy will stay on your credit record for 10 years, not 7.\n\nYou will eventually be able to get credit after the bankruptcy though it may be a few months and the rates will be extremely high.  It's actually not that hard to start rebuilding your credit after bankruptcy as lenders know that you CAN'T file again for 7 years so they will get something from you.\n\nThere's no way around the high rates and fees that you'll encounter; it's a fact of post-banrkuptcy life.  Just take it easy on the expenditures and as your credit score inproves, ask for lower rates.
675173
You need to contact the police department in your area and ask them, my advice, is put everything in the report that is directly corelated to the fraud, when it happened, how it happened, about the criminal, you need to be very specific!  Good luck, sorry it happened to you!