Only in Chicago: Fraudently Filing Bankruptcy to Retrieve Your Impounded Vehicle

Posted on May 15, 2013. Filed under: Uncategorized |

Apparently, some enterprising folks in Chicago came up with a scheme to induce folks to file bankruptcy, some of which had no idea they were filing bankruptcy, to have their vehicles retrieved from city impound lots without paying any fees or costs.

The scam was rather elaborate, but was busted up by the FBI with a sting operation. The details are outlined in this Chicago Tribune article .

A client asked me this week: Why someone would fraudulently file bankruptcy ? I think we just found out one instance.

Bankruptcy is a time honored federal statute created by Congress as authorized by our Constitution to enable the honest debtor to get a fresh start. This type of activity is what jeopardizes that for everyone.

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