Too-big-to-jailBankruptcy affords debtors a clean slate: a way to get out of debt and get a financial fresh start. The laws are tilted strongly in favor of debtors, not creditors. So, when you need a bankruptcy, you must be bankrupt. You cannot, for instance, secretly hide assets away from creditors. That apparently is what happened in this case. Prosecution for bankruptcy fraud is pretty rare (probably because nearly everyone who files a bankruptcy is truly bankrupt)…but it does happen. Kudos, then, to trustee Nauni Jo Manty who smelled something amiss with debtor Daniel Rohricht. Mr. Rohricht is a jeweler. Jewels are, of course, easily hidden (physically). So, despite closing their case with a settlement, Ms. Manty — who wisely inserted a provision into the settlement which would void said settlement in the event of fraud or deceit by Mr. Rohricht — stayed on the guy. She sent in secret shoppers to his store(s); she had his van followed; she hired someone to stand outside his shop and watch the comings and goings. And then she got her man. When Mr. Rohricht opened his new store in Hayward, Wisconsin, she caught him filling the shelves, as it were, with the assets he had declared gone, sold, or melted when he initially filed his bankruptcy. Now, instead of precious metals, Mr. Rohricht is likely to spend some time getting to know some non-precious ones: namely, iron and steel, or whatever they make prison bars out of. He was arrested in April. Of course, Mr. Rohricht is innocent until proven guilty and this discussion is merely a restating of the article linked above. If you’re interested in bankruptcy as a potential solution to your debt issues, and you promise to tell the truth in your bankruptcy filings, contact King Law Center today.

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