Does filing for Chapter 11 bankruptcy protect me from criminal prosecution?
No, filing for Chapter 11 bankruptcy in South Carolina does not protect you from criminal prosecution. Chapter 11 of the Bankruptcy Code is a type of reorganization bankruptcy in which the debtor proposes a plan of reorganization in order to restructure its debts. Chapter 11 is often used by businesses or individuals who have a lot of debt, and it allows them to keep their assets and continue to operate while reorganizing their finances. However, Chapter 11 is designed to reorganize and restructure debt only. It does not provide protection from criminal prosecution. When it comes to criminal charges, the law applies to everyone the same, regardless of whether they have declared bankruptcy or not. Bankruptcy can help with certain types of debt, but it does not provide any protection from criminal charges and prosecution. The only way to protect yourself from criminal prosecution is to follow the law and stay out of trouble. In short, filing for Chapter 11 bankruptcy in South Carolina will not protect you from criminal prosecution. Bankruptcy is a great tool for restructuring debts, but it cannot protect you from the law. You must still abide by the law and avoid any criminal activity.
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