Bankrupcy and credit frauds

In most bankruptcies, the new owner of the company – namely th estate in bankruptcy – and thereby also the creditors – are deprived of major assets, that are disappearing,, get stolen or are sold to new companies, go- betweens or simply to the former owners, who either pockets the money or starts a new business with the stolen assets. Many trustees, mostly lawyers, do not posses the requisite knowledge to expose such crimes and are in many cases only interested in cashing their unreasonable dividends in a jiffy or even – in many cases regrettably quite legally – enriching themselves at the expense of the estate. Councelling in good time – BEFORE a bankruptcy petition is handed in – may prove a very good investment.