Brett Immel, a former Chicago real estate executive, was convicted on August 26, 2019, by a federal jury, of fraudulently concealing income and bank accounts in his 2009 bankruptcy petition. Immel faces up to five years in federal prison for hiding assets. Immel and his wife sought to discharge more than $6 million in October 2009. In his financial disclosures, Immel failed to disclose two bank accounts that he was depositing thousands of dollars a month into. He used these two accounts to pay off his home mortgage, make lease payments on a luxury car, purchase furniture, shop at high-end clothing stores, pay for child and pet expenses, and buy groceries.
If you are thinking about filing for bankruptcy and would like to speak to an attorney, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.