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Transferring Property May Be Bankruptcy Fraud in Pennsylvania

Bankruptcy fraud is a serious allegation that can be made against even well-meaning but inexperienced debtors. One of the most common types of bankruptcy fraud is concealing assets to avoid having to forfeit them. During Chapter 7 bankruptcy, the debtor must list all assets and any asset that is nonexempt is liquidated to pay off… Read More »

Baseball Star And Real Housewife In Trouble for Bankruptcy Fraud

You might remember famous Philadelphia Phillies outfielder Lenny Dykstra, who pleaded guilty to bankruptcy fraud and admitted to stealing or destroying furnishings, baseball memorabilia and other property from his $18.5 million-dollar mansion. He also admitted to giving false testimony about the property he removed. Dykstra was sentenced to six months in federal prison and ordered… Read More »