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18 U.S.C. 157 - Bankruptcy Fraud

18 U.S.C. 157 makes it an offence to devise or intend to devise a scheme or artifice to defraud and, for the purpose of executing or concealing the…

What 18 U.S.C. 157 - Bankruptcy Fraud requires

18 U.S.C. 157 makes it an offence to devise or intend to devise a scheme or artifice to defraud and, for the purpose of executing or concealing the scheme, to file a petition under title 11 (including a fraudulent involuntary petition under section 303 of title 11), to file a document in a proceeding under title 11, or to make a false or fraudulent representation, claim or promise concerning or in relation to a proceeding under title 11, at any time before or after the filing of the petition or in relation to a proceeding falsely asserted to be pending. The penalty is a fine, imprisonment up to 5 years, or both.

Pillar: Financial Crime, AML & Sanctions · Authority: US Congress / Department of Justice / Federal Bureau of Investigation / United States Trustee Program · Version: 1.0.0 · Last updated:

Primary source: https://www.govinfo.gov/link/uscode/18/157

SHA-256 integrity: 2cdda3e07f7b601eeae6a03caf4e56771ab2a543acf5ee1663c7b84facbf5738

Primary Citations — 5 traced to source

  • 18 U.S.C. 157 - Bankruptcy fraud - statutory text at https://www.govinfo.gov/link/uscode/18/157
  • 18 U.S.C. 157(1) - having devised or intending to devise a scheme to defraud, files a petition under title 11, including a fraudulent involuntary petition under section 303 of title 11

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