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  1. #11
    Join Date
    Mar 2007
    Posts
    10

    Default Re: Taking Money From A Bankrupt Company

    Quote Quoting SkyWalker897
    View Post
    Ok and I am sorry, what I meant was what would tax fraud be and what would laundering be? I know a little bit about laundering just from researching.

    Thanks.
    I found the definitions. I don't know if that would fall under tax fraud or not??

    My brother is really nervous. Will he be OK? He only worked in the business, did not own any portion of it.

  2. #12
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Father's Company closed - took money - bankruptcy..

    You were previously told:
    Quote Quoting Mr. Knowitall
    View Post
    I doubt that he would face charges. If this is discovered, though, he may be called upon to restore the funds to the bankrupt estate - from his own pocket.
    I am not sure that your brother can get a better answer without consulting a lawyer.

  3. #13
    Join Date
    Mar 2007
    Posts
    10

    Default Re: Father's Company closed - took money - bankruptcy..

    Quote Quoting aaron
    View Post
    You were previously told:

    I am not sure that your brother can get a better answer without consulting a lawyer.
    My brother doesn't want to get involved at all with this. Can he call and have everything be confidential?

  4. #14
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Father's Company closed - took money - bankruptcy..

    Your brother doesn't want to get involved in clarifying whether or not he faces potential legal problems? If it doesn't bother him, it's his life. Let him live it.

  5. #15
    Join Date
    Mar 2007
    Posts
    10

    Default Re: Father's Company closed - took money - bankruptcy..

    Quote Quoting aaron
    View Post
    Your brother doesn't want to get involved in clarifying whether or not he faces potential legal problems? If it doesn't bother him, it's his life. Let him live it.
    No, it's not that. He doesn't want to start a thing where they investigate our father etc. He would love to talk to someone and know its confidential, that's all. Sorry if it seemed unclear..does that make more sense now?

  6. #16
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Father's Company closed - took money - bankruptcy..

    If your brother consults a lawyer, the consultation would fall under attorney-client privilege.

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