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American
Bankruptcy Institute
September 11, 2001
BANKRUPTCY FRAUD ON THE RISE
Bankruptcy fraud is steadily increasing and negatively affectively corporations and individuals alike, according to CollectionIndustry.com. An anonymous nationwide survey of bankruptcy judges, administrators, trustees and lawyers conducted by Kessler International found that 31 percent of those polled knew of "flagrant abuses" of bankruptcy laws in cases they have handled, 63 percent knew of some abuse and only six percent thought bankruptcy laws were followed and each filing was honest.
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