If you are on the verge of filing for bankruptcy in Nashville, you must know what you can and cannot do, legally speaking, while you file. If you do things that are not permitted by law, you could be accused of fraud and even investigated by the FBI.
For example, take the story of a man from Brentwood who tried to file for bankruptcy back in 2014, when he was 43 years old. He went under oath and claimed he had no job and therefore, could not pay his debts back. He said that a company he’d been working for only hired him on a temporary basis, so that job was gone and so was his income.
However, after he testified, the FBI looked into it and discovered that the man was still employed. In fact, he was the president of sales for the company, and he was making at least $150,000 per year. That was just his base salary, so he could have made more above and beyond that.
Regardless, even without commissions and bonuses, it was pretty obvious that the man wasn’t nearly as broke or unemployed as he said he was. His bankruptcy filing was denied, and he was also brought up on charges for lying to the court. Reports before his trial showed that he was facing fines of $250,000 and jail time that could reach five years.
As you can see, it’s very important to be honest when you file. You don’t even want to accidentally misrepresent your situation, or the government could take action. To learn more about exactly what you should do, please check out our site now.