This Pro Tennis Player is Facing Jail Time for Hiding Assets Following Filing for Bankruptcy

Three-time Wimbledon champion Boris Becker is facing jail time for allegedly hiding assets after declaring bankruptcy. The former professional tennis player filed for bankruptcy in June 2017, reports USA Today (1), after having received some loans.

Becker was said to have received “a $5 million loan from a private bank in 2013,” and roughly $1.6 million from a British businessman. It appears Becker fell into financial trouble after spending his “$50 million career earnings” on an “expensive divorce” and debts following retirement.

Becker has been accused of hiding valuable assets and transferring money during bankruptcy proceedings.

After Becker followed through with the bankruptcy in 2017, it was later discovered that he had failed to disclose certain assets–or at least that is what he is being accused of. Prosecutors are suggesting that Becker transferred large sums of money from his business accounts to others, including those belonging to his estranged wife, Sharley “Lilly” Becker.

Additionally, the pro tennis player has also been accused of failing to declare a property in Germany and hiding a $825,000 bank loan. While certain charges stemming from the allegations were dropped, including some that claimed Becker failed to include his Wimbledon trophies in his bankruptcy filing, other charges stuck.

While Becker was initially facing up to seven years in prison, it has been reported that he has been sentenced to two and half years in prison for transferring money and hiding assets that should have been disclosed in the bankruptcy proceedings.

Becker resides in Britain and has since 2012.

Can I go to jail if I hide assets during bankruptcy proceedings in Alabama?

In short, yes, you could face jail time for failing to disclose assets during the bankruptcy proceedings. When you file for bankruptcy in Moody, AL, you’re obligated to share with the trustee and/or the court all the assets in which you own. This helps the court decide how much is available to satisfy unpaid debt and what debt qualifies for discharge.

If you intentionally hide assets or transfer money without notifying the court, you could face criminal penalties, including charges that carry jail time. To ensure you’re in compliance with all the laws that apply to bankruptcy, it is recommended that you search for attorneys near me in order to retain a legal representative who can help you.

The Moody, AL bankruptcy lawyers at Hill, Gossett, Kemp & Hufford, P.C. are available to answer your questions and address your concerns. They can also help you get started with the bankruptcy process given you are eligible to file.

Should you have any questions about the content of this article or legal concerns, you can also call 800-672-3103 for help.

Disclaimer: No representation is made that quality of legal services provided is greater than the quality of legal services provided by other attorneys.

Hill, Gossett, Kemp & Hufford, P.C. can be reached at:

Moody Office

2603 Moody Parkway, Suite 200

Moody, Alabama 35004

Phone: (205) 640-2000

Website: www.hwhlawgroup.com

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Leeds, AL 35094

Phone: (205) 699-5500

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