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It is with a heavy heart that we have decided to retire our beloved Forum Detroit. It has served the Polonia Detroit for over 10 years, and was a source of joy for many. However, after many months of inactivity, the time has come to bid it farewell.
Deepest and warmest thanks to all those who contributed to Forum discussions over the years, either by sharing their thoughts or reading those of others. Your presence and participation served as a building block of this online polish community.
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What Constitutes Bankruptcy Fraud?
Virtually all financial activity carries with it the risk that people will attempt to commit fraud. Bankruptcy is no exception. There are several ways in which the unscrupulous can attempt to work the system in bankruptcy. They face severe repercussions if they are caught.
Types of Bankruptcy Fraud
According to Cornell University's Legal Information Institute there are four main types of bankruptcy fraud. These include multiple filings, concealing assets, incomplete petition filing and trustee bribery. The most common type of bankruptcy fraud is simply concealing assets. Debtors engage in this in an attempt to prevent these assets from being sold to pay creditors money owed.
Read more: What Constitutes Bankruptcy Fraud? | eHow.com http://www.ehow.com/about_6653910_const … z1KqFFTXDd