Leavengood, Dauval & Boyle, P.A. Articles St. Petersburg Man Faces Federal Charges for Bankruptcy Fraud

St. Petersburg Man Faces Federal Charges for Bankruptcy Fraud

By Leavengood, Dauval & Boyle, P.A.  Sep. 6, 2011 3:50p

A St. Petersburg man recently pled guilty to bankruptcy fraud before federal court. The man, J.H., had filed for bankruptcy protection in early 2009. He failed to fully disclose all income and investments in his petition and did so again at the meeting of the creditors as the bankruptcy process proceeded. He had invested about $35,000 in a foreign currency (or "forex") trading venture and was receiving interest monthly. Additionally, he began receiving a monthly salary from the company of $10,000 plus commissions when he became an authorized representative for the forex. It was found that J.H. and the shell company he created had received nearly $1.5 million from the venture. This income was received before and after he had filed for bankruptcy and he admitted to knowingly failing to report the investments and income. The Florida man could receive up to five years in federal prison for bankruptcy fraud.

Do you know your way through the bankruptcy process?

The bankruptcy process can be very confusing and stressful if you don't have the help you need. If you are considering filing for bankruptcy, it is vital that you have a St. Petersburg bankruptcy attorney on your side. Whether you are considering Chapter 7 or Chapter 13 bankruptcy protection, you need professional legal counsel in determining which is best for your particular situation. Bankruptcy laws are there to protect individuals, families, and businesses from financial ruin. In order to obtain that protection there are specific qualifications and procedures that must be carefully adhered to. Having skilled legal assistance representing you can make the entire process proceed much more smoothly and increases your chances for a successful outcome.

Get the Help of a St. Petersburg Bankruptcy Attorney

Each bankruptcy lawyer at Leavengood, Dauval & Boyle, P.A. is driven to providing excellent representation to every client's case we take on. We understand the pressures and worries you are feeling when overwhelmed with debt. With over two decades of serving the Tampa Bay area with skilled counsel in bankruptcy law, we may be able to help you with the many decisions that must be made in regard to filing for bankruptcy. We have successfully represented clients in a variety of bankruptcy matters in St. Petersburg, Clearwater, Sarasota, Tampa and surrounding communities. See what may be done for your case by calling us today.

Contact a St. Petersburg bankruptcy lawyer if you are considering filing for bankruptcy protection. Make sure you have the professional legal help you need!

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