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We are an elite criminal defense law firm, that emphasizes providing the best service and professionalism to all clients. We service a curated clientele nationwide – that expect the best from their lawyer. We handle tough criminal defense and legal situations that require deep knowledge, experience, dedication, and excellence in order to win. We have over 50 years of combined experience, handling national and international cases.

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We 100's of 5 star reviews, and have been featured in the media. We are a premier law firm who understands how to win cases.

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Top Rated Attorneys

The Spodek Law Group is one of the most successful law firms in the USA. Our success comes from the fact we are attentive to details, and take a very pragmatic approach to each and every single case. Our clients turn to us for realistic advice – so they can make the appropriate decisions they need to make personally. Our goal is to make sure your case ends in a positive outcome, not only personally – but for your family as well.

 



Los Angeles Bankruptcy Fraud Lawyers

Managing financial matters can be tough. People need to be aware of the details both large and small that go into making sure that all bills of their are paid. It’s entirely possible for circumstances to change drastically from one week to the next. Someone can lose a job they rely on for the majority of their income. Another may face medical bills that keep piling up in the event of a chronic illness. People can get divorced and no longer have two incomes coming in the household budget. Each person faces differing financial circumstances. The law recognizes that people can fall behind in their bills. This is why the law allows for legal avenues in which people can explore the possibility of discharging their bills legally. The law recognizes that people should not forever have their lives destroyed by the looming threat of bills they cannot pay. Laws also recognize the reality that when lenders lend people, they are taking the risk they will not get their money back.

Declaring Bankruptcy

The legal process of discharging one’s debts is known as bankruptcy. Bankruptcy means that an individual is no longer able to pay their debts and would like to end the legal obligations to their creditors. Declaring bankruptcy is a serious matter with many possible and potentially negative implications. Someone who chooses this strategy may face all sorts issues going forward. For example, they may see a vastly lowered credit score. This can impede their ability to buy a house, rent a car or even get promoted at work. However, some people simply have no choice. In that case, they need to be mindful of the process of bankruptcy. They must make sure they are doing so in accordance with all laws that may apply to their particular case.

People who choose this course of action need to be aware of the details of the process. A violation of the accepted standards of behavior can lead even greater possible consequences. When people declare bankruptcy, they are not free of all obligations to their creditors. Creditors are entitled to recover a certain level of income as well as a portion of your assets. If you minimize your assets in some way or fail to declare them, you might be guilty of engaging in bankruptcy fraud.

Some of your assets are exempt from all creditors. You are allowed to keep certain things such as clothing and transportation so you can get to work. You’re also allowed to keep a roof over your head. Items do not fall into such categories are deemed part of what considered under law to be a bankruptcy estate. As part of the process, you will be asked to work with an outside supervisor. Depending on the kind of bankruptcy you’ve chosen, the trustee may choose to sell off the estate and give the creditors the remains. You can also choose a form of bankruptcy that lets you set up a plan that goes anywhere from three to five years and repay the creditors during this time.

Bankruptcy Fraud

Bankruptcy fraud happens when you do not reveal the extent of your assets. Someone might have not have listed all their assets and thus prevented them from being sold to benefit the creditors. Another person may have provided false documents about their assets to the courts or have shredded documents about their assets so they are harder to trace. A person may have also made a false statement. The person may also have colluded with another person to conceal their assets such as giving that person several cars they own while still retaining the ability to drive those cars. In each instance, the person is willfully refusing to disclose the extent of their income or assets to the court system and the trustee in charge of making sure that creditors are paid as much as possible under law.

Given how many laws must be followed under law and how stressful the process of declaring bankruptcy is, it can be very easy to make a mistake. This is why it s best to work closely with an attorney. A lawyer can help anyone sort out all issues related to any kind of bankruptcy filing. They will examine all documents to see that they are filed correctly. Lawyers can also provide people with advice about what must be included and what is considered their own property. They can also help people in the event that a mistake was made. Someone who is facing possible charges of bankruptcy fraud can be facing the revocation of this course of action. They can also face other problems such as fines and even the possibility of jail time. A great lawyer can help make sure all is filed completely correctly.

Most times, the federal courts will prosecute bankruptcy fraud as a white-collar crime. Normally, a white-collar crime doesn’t involve violence, but the criminal act could mean large sums of cash were stolen using one method or another—in this case, it’s bankruptcy fraud. Statutes mean that Congress has passed laws around a specific topic like bankruptcy.

Under 18 U.S. Code

In most cases, you can learn about federal criminal statutes under 18 U.S. Code. For the one specific to bankruptcy fraud, you will identify this under 18 U.S. Code § 152, which means that you were attempting to conceal your assets or other forms of cash. Under Section 152, we see a list of some of the fraudulent behaviors that someone can do to get prosecuted for bankruptcy fraud. In fact, nine distinguished behaviors were outlined under Section 152, but they all include the same basic message, which means that the individual had the intention of concealing assets.

For example, under Section 152, the individual knowingly concealed assets from a marshal, trustee, officer or custodian. This qualifies as bankruptcy fraud because any property when someone files for bankruptcy will classify as belonging to the debtor. Another thing that you have to prepare for is if you knowingly destroyed, falsified or mutilated recorded information about your financial affairs or your assets. The federal courts could prosecute this as bankruptcy fraud.

The Consequences for Bankruptcy Fraud

If someone commits bankruptcy fraud, the consequences can crush you financially and send you to prison for up to five years. After you get a bankruptcy fraud conviction, your creditors can file a lawsuit and take even more from you. This means that you can lose everything—your freedom and your finances.

Why Does Bankruptcy Exist?

We should first understand why bankruptcy exists in the first place. Bankruptcy exists because it allows a financially troubled corporation, business or an individual to start fresh. They don’t have a bunch of debts weighing them down. Under the system for American bankruptcy, they have structured it in such a way that you must declare all assets on the bankruptcy form. This allows the debtor to reclaim a portion of their money through the bankruptcy. If someone tries to manipulate this system, they can get prosecuted under federal law. The FBI and the United States Attorneys’ Office do not treat this as a victimless crime and neither should anyone else.

Acting Fraudulently with the Intent to Deceive

As long as the federal courts can prove that you acted deceitfully and with the intention of frauding your debtors, you could face up to five years in prison for the crime. To act fraudulently means that you acted with the intent of deceiving people.

History of Bankruptcy Fraud

In the past, many people were using bankruptcy as a way of scamming the system. Some of the rich and famous have used this system as a way of off-loading their debts while hanging onto their assets, such as their liquor store. This classifies as bankruptcy fraud. In fact, you have more than a couple different celebrities who have done hard time because they committed bankruptcy fraud. Some of the celebrities include:

  • Randy Jackson
  • Lenny Dykstra
  • Rowe Messner
  • Peter Pocklington

Each of these individuals were famously sentenced to a federal prison, but if you look at the common underlying thread in each of their cases, they lied about the bankruptcy and tried to conceal their assets. This led to them getting prosecuted in the federal court system. Bankruptcy works as an option for individuals who can’t pay their debts. The government intended this for honest people, but when dishonest people take advantage of the system, it makes it harder for everyone else, which is why they have made lying about bankruptcy a federal crime. Anyone who defrauds the system can expect that it will come with consequences, which is why it’s so important to be honest on the form and claim exactly what you have. If you find yourself charged with this crime, you need to get on the phone and speak with an attorney as soon as possible.

Getting a Lawyer

If you have been accused of bankruptcy fraud, you should have a solid lawyer on hand to protect you. Your rights matter, but a lawyer understands your rights clearly enough that he or she can defend them properly. Bankruptcy fraud comes with terrible financial and legal consequences. In addition to some of the other things mentioned, you could also be required to pay a $250,000 fine to the United States government. You could be facing troubled times ahead, and having a solid lawyer that you can depend on will help you ensure that your constitutional rights never fall to the wayside.


Charle Butler
Charle Butler
2021-03-12
I was hesitant to hire the Spodek Law Group. I read reviews and knew they have a great reputation. However, I thought I would spend money and not see or speak to my attorney. From the beginning to end of my case Todd and the entire staff were available and willing to help. We worked towards and end result that was way above my expectation and Todd delivered. I am forever grateful for patience and long days and night spent working on my case. Thanks Todd and the entire team!
Mesonista parsons
Mesonista parsons
2021-03-05
My attorney at Spodek was Abigail. She was very knowledgeable and helpful with all my questions and concerns, as well as responsive. Her fees are affordable and Abigail took the time to make sure I understood everything relating to my case. I highly recommend Abigail and will request her services in the future.
debabrata chakraborty
debabrata chakraborty
2021-03-03
Todd A Spodek is the experienced and best criminal lawyer at USA. He is very professional and always respond on time. Alex also very cooperative and always help me. They took care me and my problem like family member. I am 100% satisfied for their professional service. My result was unexpected and amazing. They dismissed my case. I am really grateful to them. I will recommend you to go there if you want to solve your problem. I wish all the best for them.
Asata Hendricks
Asata Hendricks
2021-03-02
Truly appreciate the work the guys did!. Exceptional team & I know they care about each and everyone of their clients. I am super thankful to be referred to Spodek Law Group and I am grateful Todd & Alex were able to work diligently to achieve an outcome I am pleased with. Despite COVID they stayed on top of things and kept me informed every step of the way. Very thankful.
Mike Moroff
Mike Moroff
2021-02-26
I'm very satisfied with the services rendered by Todd, Alex and Mary Lou. I whole heartedly recommend Spodek Law Group . I've worked with and have retained other attorneys in the past with Todd's firm being the cream of the crop for many reasons. A very serious legal matter was resolved after a year's hard work and effort. Todd expertly guided me through the process and was able to navigate and make the good journey bearable as well as successful. Mary Lou initially provided excellent assistance before referring my case to Todd. Alex's support was effective and timely. The customer portal (MyCase) is an invaluable communication tool that also kept track of my case. Various aspects of my case were explained and there were several options provided but I made the final decision of how the case would be handled. The legal fee was reasonable considering the effort and amount of work plus it was a flat fee regardless of the length of time required to conclude my case. Todd made himself available to me and we had many scheduled meetings to go over the progress and to discuss the next steps. I felt more confident after many discussions with him. You will not go wrong choosing Spodek Law Group for legal matters.
Josh Katz
Josh Katz
2021-02-24
Being that it was the first time that I was in need of an attorney, I was afraid and hesitant and knew I needed the absolute best. It is beyond understood why Spodek Law Group has a reputation of being the top, if not the best law firm in New York. Alex and Abigail were there every step of the way even at the most unconvenient hours. I could not have asked for more. They are extremely good at what they do and they delivered much much more than just winning my case. A big thank you to Alex and Abigail for all the guidance and counseling and their upmost loyal support that extended far more than just legally. If you need the absolute best than don't hesitate to hire Spodek Law Firm.
L.C.
L.C.
2021-02-24
I cannot tell you how thankful I am to Todd and Alex for their hard work and dedication to my case. I had never been in any trouble before but I had an unfortunate event occur and in the midst of COVID-19 at that therefore I knew I needed a team that was dedicated to my success. Today- my case has been finalized and I’m walking away with no record and can continue life as a mother and a Grad student worry free. I cannot express enough gratitude for their assistance.
AnnMarie Soliman
AnnMarie Soliman
2021-02-23
I received a summons and called Spodek law group for a free consultation. Alex took my call and was very quick and responsive. He was available anytime through multiple platforms and very reassuring when needed. They are extremely organized and thorough. They got my case dismissed! I’m very grateful. Thank you Alex and Todd!

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Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them enough.

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Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet.

~ Rowlin Garcia

Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind.

~ Francis Anim

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"Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them..."

David Bruce

"Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet."

Rowlin Garcia

"Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind."

Francis Anim
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