Forensic 22 - Question 1 0 out of 2 points How could...

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Question 1 0 out of 2 points How could creditors be guilty of bankruptcy fraud? Answer Selected Answer: A creditor who wants to make sure there is no fraud by the debtor, A creditor who suspects that another's credit claim in fraudulent or unjustified. They still are able to commit bankruptcy fraud. Correct Answer: Creditors could make false proofs of claims, interfere with the bankruptcy proceedings, commit bribery or extortion in conjunction with the case, or make false statements or certifications in conjunction with the case, withhold documents, or alter, mutilate, or destroy documents in conjunction with the case. Response Feedback: Creditors could make false proofs of claims, interfere with the bankruptcy proceedings, commit bribery or extortion in conjunction with the case, or make false statements or certifications in conjunction with the case, withhold documents, or alter, mutilate, or destroy documents in conjunction with the case. Question 2 2 out of 2 points What is a fraudulent conveyance? Answer Selected Answer: Secretly transferring (or selling below market value) assets to others, perhaps to family or friends, to keep the assets out of the bankruptcy estate and maintain control over them. Correct Answer: It is the transfer of an asset by the debtor to another with the intent to defeat the bankruptcy code. Among other things they can be payments, or fake gifts. Response Feedback: [None Given]
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Question 3 2 out of 2 points What are the most common types of bankruptcy frauds? Answer Selected Answer: Conceals property from the bankruptcy proceedings, makes a false oath or account in relation to a bankruptcy case, make a false declaration, certification, verification, or statement in relation to a bankruptcy case,
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This note was uploaded on 02/29/2012 for the course FORENSIC 101 taught by Professor ? during the Spring '12 term at Post.

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Forensic 22 - Question 1 0 out of 2 points How could...

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