A bankrupt who fraudulently conceals property with the intent to defraud creditors may be imprisoned for up to three years.

Name: A bankrupt who fraudulently conceals property with the intent to defraud creditors may be imprisoned for up to three years.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true according to the United States Bankruptcy Code. Section 152(1) specifically states that a debtor who fraudulently conceals property with the intent to defraud creditors can be punished by imprisonment for up to three years.

A Bankrupt Who Fraudulently Conceals Property with the Intent to Defraud