Bankruptcy Crimes: What Does The Future Hold
This post is authored by Carmen Dellutri, Esq., Board Certified Consumer Bankruptcy Specialist and a founding member of The Dellutri Law Group, P.A. (www.DellutriLawGroup.com) and a founding member of the Bankruptcy Law Network (www.bankruptcylawnetwork.com)
The United States Attorney has struck again. This time in Cherry Hill, New Jersey. United States District Judge Noel L. Hillman sentenced a car dealer to 4 years in Federal Prison for Bankruptcy Fraud and attempting to hide money from the Tax authorities.
It seems Moty Rosenkrantz withdrew $368,000.00 from multiple bank accounts several months before filing for bankruptcy protection. Then, he failed to disclose the transactions in his bankruptcy court documents. Mr. Rosenkrantz, who owned B & W Motor Cars prior to his legal troubles, plead guilty to the charges, and in addition to his jail time, will have to pay a $10,000.00 fine.
I recently wrote a blog on Bankruptcy Crimes for the Bankruptcy Law Network. You can read more about Bankruptcy Crimes and other Bankruptcy Issues at the Bankruptcy Law Network.
Remember, I also write blogs for the Debt Law Network, the Credit Law Network, and the Mortgage Law Network.
