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BankruptcyMisconduct's Issues section has a number of articles which describe recurring themes and systemic problems related to our flawed bankruptcy system, and the immense bankruptcy industry which it supports.

 

Conflict Of Interest - the most common theme we find in bankruptcy misconduct.  It is not surprising that in a bankruptcy case there will be people who are not happy with the outcome.  Also not surprising is that there will be organized crime elements looking to influence the bankruptcy process for their benefit.  Thus, Congress wrote clear and simple laws prohibiting any and all forms of conflict of interest in the hopes that most corruption would be avoided.  These laws include the strict requirement that bankruptcy professionals must sign a sworn declaration, under penalty of perjury and bankruptcy fraud, stating that they hold no conflicts.  Sadly, when instances of false sworn declarations are found the DOJ and Federal Judges often cover up the crimes to protect their brother lawyers.

 

Quid Pro Quo - also known as the Business Model For The Mega Case Debtor Counsel .  Bribes are paid to many public officials and corrupt persons in private practice.  Another form of bribe is getting paid to look the other way.   Mega Case bankruptcy law firms routinely go out of their way to cover up crimes by corporate executives, and protect them from both criminal and financial repercussions.  This is because millions of dollars in legal fees flow to these lawfirms, but corrupt corporate executives hold power of the decision as to which firm gets hired.  Thus the same Big Law firms get the multi-million dollar law fees and the same criminal conduct brings our nation every larger bankruptcy cases.

 

WhistleBlower Retaliation - many brave persons have pointed out misconduct by bankruptcy professionals.  Unfortunately, the corruption is extensive and systemic.  Organized Crime has long operated in the bankruptcy courts and Congress has even referred to them as "Bankruptcy Rings".  Just as we see in "banana republics" we find that whistleblowers are retaliated against.  This happens in Federal Courts all across our country, and the corruption extends far into the self regulating State Bar clubs.

 


Judicial Misconduct - While many evil persons make up a crime family, there is no more important element to the survival of the corruption than a corrupt judge.

 

Revolving Door Regulation - DOJ  and SEC lawyers are usually either "on loan" from a biglaw law firm with associates involved in white collar / financial organized crime, or these lawyers seek high paying employment for themselves after leaving government work or for a spouse or relative.  The Revolving Door thus breeds  corruption as when a U.S. government lawyers operates as a Mole for a crime family or when she seeks a Quid Pro Quo via highly compensated work for herself, her spouse, or other relation.

 

 

Featured Articles

(08/30/10) Petters CENSORSHIP

Where there is smoke, there is fire... Where there is CENSORSHIP, there is Cover Up!! Why were the 17 Print advertisements there were placed by a professional advertisement agency with the Star-Tribune Company CENSORED ? Who owns "the truth"? Who decides what gets told and what gets covere...
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(03/24/10) Gallery Of Shame

A Gallery of artwork depicting many of the shameful characters, firms, government tools, crime families, scams, and cover-ups of interest to BankruptcyMisconduct.com readers.   ...
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(05/30/10) Petters Company

Petters Company, Inc., et al. USBC Minnesota, No. BK 08-45257 It's like Déjà vu all over again  Read all about it:   CENSORSHIP as major newspaper company pulls purchased ads describing Petters scandal The Second Fraud - Watch the preview of this documentary Minnesota Half-Step Uptown ...
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(08/27/10) Eliot Spitzer

BankruptcyMisconduct.com has a number of articles that mention Eliot Spitzer, Esq. - the short lived Governor of New York State and one time presumed air to the presidency of the U.S.A. Eliot is mentioned often here because of his long standing undeniable intimate association with organized crime.Â...
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(09/20/08) Spitzer's Dilemma

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(08/26/10) The Second Fraud

     A Ponzipalooza             BankruptcyMisconduct.com applauds this documentary which explicitly describes judicial corruption in our bankruptcy courts involving The Peters Company bankruptcy case - a Ponzi scheme which funded the assembly of a conglomerate.  As with many ban...
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