Abuse of Power

Abuse of power in the context of bankruptcy crime occurs when individuals or entities manipulate the bankruptcy process to gain unfair advantages or conceal assets. This can include fraudulent transfers of property to hide it from creditors, altering financial records, or colluding with others to deceive the bankruptcy court. Such actions undermine the integrity of the bankruptcy system, which is designed to ensure fair treatment for all creditors and help individuals in financial distress find a fresh start. Engaging in these activities can lead to legal penalties and criminal charges.