Does filing for Chapter 11 bankruptcy protect me from criminal prosecution?
No, filing for Chapter 11 bankruptcy does not protect you from criminal prosecution in California. Chapter 11 bankruptcy is a form of debt reorganization where the individual or business filing for bankruptcy presents a court-approved plan to pay off creditors over a period of time. This process does not affect criminal proceedings. In California, if you are charged with a crime, you will still have to go to court and face prosecution, whether or not you have filed for Chapter 11 bankruptcy. The only way to protect yourself from criminal prosecution is to demonstrate your innocence by convincing a court of law that you are not guilty. When filing for Chapter 11 bankruptcy in California, the debtor is protected from harassment by creditors while the bankruptcy proceedings are ongoing. However, this protection does not extend to potential criminal proceedings. If the debtor is charged with a crime, creditors are allowed to collect any judgment that is awarded to them for unpaid debts. Therefore, filing for Chapter 11 bankruptcy does not prevent the debtor from facing criminal prosecution.
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