Shawn has filed for bankruptcy. However, he has not mentioned his farmhouse in Farmington in the bankruptcy proceedings. The farmhouse has been recovered by the mortgage firm and included in the proceedings. Which of the following is true in this case?
A) Shawn will be held guilty for the offense of concealment.
B) Shawn can use the recovery of the estate as a defense to his concealment.
C) Shawn is guilty of larceny as he did not reveal his estate during bankruptcy proceedings.
D) Shawn can be held guilty for counterfeiting.
E) Shawn is likely to be held not guilty since the estate was recovered and included in the proceedings.
Correct Answer:
Verified
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