A divorce fraud case, Sands v. Sands, involves a misappropriation of assets, which involved the legal ramification of the husband losing 100% of the misappropriated assets and it being awarded to the wife including being held liable for seventy percent of the wife’s attorney fees due to the husband’s fraudulent acts discovered within the court proceedings. Divorce fraud is governed by state laws and considered the laws that preserve the rights of this case. The case does detail the evidence admitted or expert witness testimony; however, common evidence used under these circumstances as fraudulent documents include an analysis of household income, bank accounts statements, couple’s tax return, credit card statements, property appraisal and …show more content…
Trustee's Office in that district within the third degree of consanguinity (first cousin); and
9) Be at least one of the following: a lawyer in good standing in any state or the District of Columbia; a certified public accountant; a college graduate with a business major, or with an advanced business degree; a law student or MBA candidate working for a qualified professor; or, a person with equivalent experience to the foregoing, as determined by the U.S. Trustee's Office (28 CRF 58.3).
Consequently, misleading these professional individuals, who are court appointed through their court-appointed district’s United States Trustee’s Office, results in the incrimination of bankruptcy fraud through the federal regulations of the bankruptcy court proceedings. Bankruptcy fraud is considered a federal crime and are governed by federals laws that preserve the rights of the individuals suspected of committing the fraud. Under bankruptcy proceedings, the federal law 18 U.S. Code § 157 – Bankruptcy fraud, governs the civil and criminal prosecution of bankruptcy fraud as stated in the
Doris Reed bought a house for $76,000.00 from Robert King. Mr. King and his real estate agent failed to disclose to Mrs. Reed that a murder had taken place in the home ten years ago. Neighbors told Mrs. Reed about the murders and the stigma associated with the house after she moved in. The property appraised in the amount of $65,000.00 with reference to the history of the house. Reed sued King on allegations of misrepresentation for the purchase of the home seeking rescission and damages to terminate the contact.
The facts surrounding this case were obtained from both Reilly, and Zisko. It should be noted that Reilly failed to explain in his complaint how he was connected to the probate matter for which Zisko subpoenaed his employment records. The underlying matter that this complaint is related to is the “post-divorce case Elaine C. Menice vs. Jeffrey L. Menice, Plymouth Probate & Family Court Docket No. PL11D2044JP.”
Facts of the case: The plaintiff was a housewife living in Livonia, Michigan along with her husband and children. She wanted to apply for divorce due to the difficulties in their marital life and informed her husband about divorce two months prior to this incident. On December 6, 1963, the defendant came to the plaintiffs’ house by introducing himself as “Dr. Wolodzko” who had never met the couple before. Except that, the plaintiff did not know that he was a psychiatrist or he was there to examine her as requested by her husband. The plaintiff spoke with the defendant on telephone by the suggestion of Livonia police woman due to the domestic quarrel with her husband and at that time he informed himself as a psychiatrist to the plaintiff.
Weld, L. G., Bergevin, P. M., & Magrath, L. (2004). Anatomy of a financial fraud. The CPA
The Bankruptcy Code can be found under Title 11 of the United States Code (U.S.C.); this code is then divided into chapters 1, 3, and 5 which provide provisions concerning bankruptcy case and debtors. These chapters are then applied to six specific types of bankruptcy relief classified as Chapters 7, 9, 11, 12, 13, and 15. For businesses companies they mainly file for Chapters 7, 11, 12, and 13. Even though bankruptcy is a federal law, state laws can apply its own ba...
Madura, Jeff. What Every Investor Needs to Know About Accounting Fraud. New York: McGraw-Hill, 2004. 1-156
Introduction A century ago, divorce was nearly non-existent due to the cultural and religious pressures placed upon married couples. Though over time Canadians have generally become more tolerant of what was once considered ‘mortal sin’, marital separation and divorce still remain very taboo topics in society. Political leaders are frowned upon when their marriages’ crumble, religions isolate and shun those who break their martial vows, and people continue to look down on those who proceed to legally separate their households. With that being said, couples do not just decide to get a divorce for no particular reason. There must be something driving them towards marital dissatisfaction and further, driving them towards divorce.
Divorce is something that affects millions of Americans. When my grandmother got divorced, she was left with little money and no job. She was able to get a job and provide for herself, but with the poverty rates for divorced women being significantly higher than for divorced men, it is a problem in society (Gadalla, 2008). When women feel unable to provide for themselves, and in some cases their children as well, they will likely seek government benefits. This will inevitably cost the taxpayers money. A recent study of Texas showed that 13.8 billion dollars’ worth of government benefits a year was the result of poverty after a divorce (Schramm et al., 2013). It has been found that after a divorce, women are left as the main caregivers
than at home. For example, a couple living in New York State, where until 1967
Over the years, the process of declaring bankruptcy has become incredibly simple. Because of this change, the number of people declaring bankruptcy is at an all time high. Today, bankruptcy is a common thing among companies and individuals alike. The American bankruptcy law allows people to avoid paying their debts by offering the debtors a discharge without a harsh consequence. By not having repercussions for their actions, bankruptcy filers often plan future bankruptcies, allowing them to steal even more money from creditors with no punishment. There are 13 different chapters in the bankruptcy system with the principal chapters being 7,11, and 13. You can only file for bankruptcy under these three chapters, the others are there to explain how the system works. Under Chapter 7, a person’s debts are wiped away while under chapters 11 and 13, debts are frozen while the debtor figures out a way to repay them. The people filing Chapter 7 are stealing money from creditors who are trying to help them. It is one’s moral duty to pay back his debts and one should be disgraced and embarrassed if they borrowed money they cannot pay back. Over 1,400,000 people filed for bankruptcy in 1998 under Chapter 7, Chapter 11, and Chapter 13. 75% of them were under Chapter 7, leaving “retailers, bankers, and credit-card companies” with $40 billion in unpaid debts (Kopecki 5) (Pomykala 16). The use of different reforms could cut down on the number of Chapter 7 filings and put responsibility back on the debtor. Declaring Chapter 7 bankruptcy is ethically and morally wrong and through different reforms this current “right” would be considered a crime.
An absence of a parent or a parent’s separation, divorce, when a child is developing, may affect the child’s future relationships. “Evidence shows that, on average, children who have experienced parental divorce score somewhat lower than children in first-marriage families on measures of social development, emotional well-being, self-concept, academic performance, educational attainment, and physical health” (Demo, Supple)
An independent investigation will produce the evidence necessary to substantiate the matter in court. This could involve the collection a number of items including ultrasounds, photographs of the incident, and police reports. It must also be shown that beneficiaries have suffered from an emotional or financial loss due to the wrongful
Divorce is a growing epidemic in Canada and the United States. It affects both parties involved, being the spouses, and also has a profound affect on children of the marriage. Recently our government has been revising the old divorce act. It was apparent that it was time to revise the act because it did not properly protect the children from being caught in the middle of things.
Today in America, divorce is now a common thing to happen. It can affect every person from any social class. Divorce is viewed by people in many different ways. Some people see divorce through studies that not always necessarily accurate. Other see it from what they have experienced. When a marriage starts to fail, most couples just prefer to have a divorce. For those couples it is just the more simple solution for them, rather than trying to force the relationship to work.
Divorce is one of the most serious social problems in our world today. It has become more common. In the pas divorce was rare and now a majority of marriages only last the first few years and then get divorced. Divorce in the United States, Italy, and Japan are all very different in way like the price for divorce, types of divorces, and the reasons for divorce, and how long it takes to get divorced. For some people divorce is not easy and to some people they take the divorce manageable, and without tragedy and some do it for money, etc. The United States, Italy, and Japan relate to the differences for divorce but do not relate when it comes down to the process of divorce, and how the Lawyers and Judge handle it (price, the years it takes,