Bankruptcy Fraud

An Imprisonment Of 5 Years, Supervised Release Of 3 Years And Fine Of $250,000 For A Bankruptcy Fraudster

Call: 888-297-6203 A resident of Massachusetts, John Pregent, was found guilty to one count of bankruptcy fraud in the bankruptcy case of his business, Technical Fabrications, Inc. (TechFab). He was found guilty of scheming to defraud creditors. He had filed for a Chapter 7 bankruptcy (only Chapter 7 and 11 can be filed for by businesses) on July 26, 2010, in the Massachusetts District Court, with the intention of getting the debts of the business discharged. Normally there wouldn’t have been any problem, but before filing for bankruptcy, Mr. Pregent had sold the valuable assets of his company, [...]


Shattering Common Myths about Bankruptcy

Money lending is an immensely monetary satisfying business. One of the major reasons why credit card companies and other private lenders thrive is because of the fact that people once used to live beyond their means are a golden goose. They ensure that you are always in debt so that they can make money off you. The biggest way to do this by making bankruptcy, which incidentally, is the best legal resort to get your debts waived off, as one the worst thing to happen to you. To dispel false ideas about bankruptcy, Sacramento based law firm Recovery [...]