Tag Archives: washington dc bankruptcy lawyer

U.S. Attorney’s Office Says it is Aggressively Investigating Bankruptcy Fraud

On Monday, we discussed the case of  Robert “Dr. Shine” Freeman, 56, of Indian Head, who founded Save the Seed Ministry, Save the Seed International Church and Seed Faith International Church, and was sentenced to 27 months in prison in July for bankruptcy fraud. According to the U.S. Attorney’s Office, Freeman was able to discharge hundreds of thousands of dollars worth of debt because he concealed assets during his bankruptcy.  We always recommend being honest with your attorney and the court during a bankruptcy proceeding. As in Freeman’s case, dishonesty can lead to charges of fraud, which can land you serious prison time. A statement released by the U.S. Attorney’s Office following the sentencing of Freeman said: “Concealing assets and making false statements in bankruptcy court is a crime,” stated Special Agent in Charge Rick A. Raven of the Internal Revenue Service – Criminal Investigation, Washington, D.C. Field Office. “The…
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What If My Circumstances Change While I’m in Chapter 13 Bankruptcy?

Chapter 13 bankruptcy allows individuals to pay off their debts over three to five years. The potential benefits include being able to keep non-exempt property, averting foreclosure by catching up past due mortgage payments and discharging certain debts when the repayment plan is complete. A knowledgeable Maryland and Washington DC bankruptcy attorney can review your financial situation to determine whether Chapter 13 bankruptcy may be right for you. Sometimes people’s circumstances change after the bankruptcy court has approved their Chapter 13 repayment plan. A job loss, divorce, or sharp increase in expenses can all make it difficult for a Chapter 13 debtor to continue making payments as originally proposed. When this happens, the debtor may need to consider options such as modifying the repayment plan, converting to a Chapter 7 case or voluntarily dismissing the Chapter 13 case. An experienced Washington DC and Maryland bankruptcy attorney helps debtors understand their…
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Chapter 13 Bankruptcy and the Vehicle Cramdown

A primary concern of most bankruptcy filers is what will happen to their vehicle. People depend on their vehicles to get to and from work, to transport kids and elderly family members, to run errands, and to travel out of town when necessary. Generally, unless there is something wrong with the vehicle or the debtor simply cannot afford to pay for it, most bankruptcy filers want to keep their cars. In Chapter 13 bankruptcy, debtors are sometimes able to pay less for their vehicle than what they currently owe. When a Chapter 13 debtor is upside down on his or her vehicle, meaning the balance owed exceeds the current value of the car, the debtor may be able to cram down the debt. A vehicle cramdown is where a Chapter 13 debtor pays the fair market value of the vehicle instead of having to pay the total amount owed. If…
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