2007-06-02 05:48:17 · 6 answers · asked by chunga12413 3 in Politics & Government ➔ Law & Ethics
no, bankruptcy is a civil action.
That said, if you lie to the bankruptcy court [as by concealing assets or income] that is a felony.
So if you must file for bk, do it honestly. The possible felony rap and prison sentence aren't worth what you'd try to hide.
forward
2007-06-02 05:57:22 · answer #1 · answered by Spock (rhp) 7 · 0⤊ 1⤋
Criminal offenses are things specifically prohibited by law. Bankruptcy is specifically allowed by law. Need I say more?
2007-06-02 14:40:14 · answer #2 · answered by STEVEN F 7 · 1⤊ 0⤋
Why would it be criminal when it's a legal process you go through? It's a second chance, and hopefully you will learn and adjust as a result of it.
2007-06-02 12:59:23 · answer #3 · answered by Anonymous · 1⤊ 0⤋
No, it is just standard practice for Republicans when their firms have to pay out after being caught in their criminal acts.
2007-06-02 12:59:17 · answer #4 · answered by ??? 3 · 2⤊ 2⤋
No.
It's a legal federal procedure to discharge debts.
The only issue might be fraud if you tried to go on a spree and max your credit, THEN try to declare. But you can't do that.
2007-06-02 12:57:14 · answer #5 · answered by Atavacron 5 · 0⤊ 1⤋
No, it's totally legal.
2007-06-02 12:53:23 · answer #6 · answered by awake 4 · 0⤊ 0⤋