New Jersey statute

N.J.S.A. 2C:21-13 — Fraud in insolvency

Current through P.L.2025, c.346, and J.R.22

Part of Chapter 21, New Jersey Statutes.

Criminal charges under this statute

Fraud in insolvency

Full text of N.J.S.A. 2C:21-13

Statutory text current through the P.L.2025, c.346, and J.R.22. This publication reproduces the official text of the New Jersey Statutes from the statute files published by the New Jersey Legislature; it is not the official statutes of the State of New Jersey.

N.J.S.A. 2C:21-13Primary source, current through the P.L.2025, c.346, and J.R.22

A person commits a crime if, knowing that proceedings have been or are about to be instituted for the appointment of a receiver or other person entitled to administer property for the benefit of creditors, or that any other composition or liquidation for the benefit of creditors has been or is about to be made, he: a. Destroys, removes, conceals, encumbers, transfers, or otherwise deals with any property or obtains any substantial part of or interest in the debtor's estate with purpose to defeat or obstruct the claim of any creditor, or otherwise to obstruct the operation of any law relating to administration of property for the benefit of creditors; b. Knowingly falsifies any writing or record relating to the property; or c. Knowingly misrepresents or refuses to disclose to a receiver or other person entitled to administer property for the benefit of creditors, the existence, amount or location of the property, or any other information which the actor could be legally required to furnish in relation to such administration. If the benefit derived from a violation of this section is $75,000.00, or more, the offender is guilty of a crime of the second degree. If the benefit derived exceeds $1,000.00, but is less than $75,000.00, the offender is guilty of a crime of the third degree. If the benefit derived is $1,000.00, or less, the offender is guilty of a crime of the fourth degree. L.1978, c. 95, s. 2C:21-13, eff. Sept. 1, 1979. Amended by L.1979, c. 178, s. 40, eff. Sept. 1, 1979.

Official sources

justia: N.J.S.A. 2C:21-13

Legal terms used in this section

Questions this section answers

What degree of offense is fraud in insolvency in New Jersey?

It depends on the circumstances: fraud in insolvency ranges from a crime of the fourth degree to a crime of the second degree in New Jersey under N.J.S.A. 2C:21-13.

Fraud in insolvency — benefit $75,000 or more: crime of the second degree (N.J.S.A. 2C:21-13) · Fraud in insolvency — benefit over $1,000 but under $75,000: crime of the third degree (N.J.S.A. 2C:21-13) · Fraud in insolvency — benefit $1,000 or less: crime of the fourth degree (N.J.S.A. 2C:21-13)

Which New Jersey statute covers fraud in insolvency?

Fraud in insolvency is governed by N.J.S.A. 2C:21-13 (Fraud in insolvency).

This reference is informational and is not legal advice.