Theft defrauding secured creditors

On Behalf of | Jul 30, 2017 | Theft

Chapter 41 of Title 18 of the Pennsylvania Crimes Code addresses forgery and fraudulent practices and theft offenses. § 4110 of the Pennsylvania General Assembly specifically addresses theft charges such as defrauding secured creditors. A person commits defrauding secured creditors if they destroy, remove, conceal, encumber, transfer, or in any way, shape, or form, deal with property that is subject to a security interest or after a tax levy has been made. access device A levy is a collection mechanism used by the IRS. It is a legal seizure of a taxpayer’s assets in order to pay off back taxes owed. It becomes an offense when the person makes an attempt to hinder enforcement of such interest. Articles included in this can be bank accounts, investment accounts, accounts receivable, wages, social security, pensions, insurance policies, and any physical assets.

If a person commits this theft offense of Defrauding Secured Creditors, then they will be charged with a misdemeanor of the second degree. The penalties for committing a misdemeanor of the second degree can result in being confined to imprisonment for a period of up to two years. A fine can also be imposed for an amount up to $5,000. probable cause Out of all the states across the United States, Pennsylvania has one of the more harsh sentences for committing this offense. A misdemeanor of the second degree is a very serious charge and can have a very harmful effect on the rest of your life. Whether it keeps you from getting the job of your dreams, causes termination from your current occupation, or even takes you away from your loved ones for two years, it is not a fun experience. If you, or anyone you know is even slightly worried about this charge or any other legal issue, do not hesitate to contact the well-versed attorneys at The Bellwoar Kelly, LLPfor a free consultation. Your life matters, and it matters to us. You will be in good hands. Let us help you.

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