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ACFE CFE-Fraud-Investigations-and-Legal-Issues Exam - Topic 2 Question 3 Discussion

The MOST COMMON bankruptcy fraud scheme is:
D) Concealment of assets
A) Forged filing
B) A planned bustcut
C) A credit card bustout

ACFE CFE-Fraud-Investigations-and-Legal-Issues Exam - Topic 2 Question 3 Discussion

Actual exam question for ACFE's CFE-Fraud-Investigations-and-Legal-Issues exam
Question #: 3
Topic #: 2
[All CFE-Fraud-Investigations-and-Legal-Issues Questions]

The MOST COMMON bankruptcy fraud scheme is:

Show Suggested Answer Hide Answer
Suggested Answer: D

This question tests your knowledge of Domain 3.

In the context of Bankruptcy Fraud, specifically relating to bankruptcy, bustout, concealment of assets, the question asks about MOST COMMON.

The correct answer is D: Concealment of assets.

This question focuses on bankruptcy fraud concepts. The correct answer correctly identifies the relevant bankruptcy process, filing type, or fraud scheme. Understanding bankruptcy proceedings and the roles of various parties is essential for fraud examiners investigating these cases.


- CFE Exam Content Outline: Domain 3: Bankruptcy Fraud

- bankruptcy

- bustout

- concealment of assets

- Fraud Examiners Manual, Law Section

by Bok at Jun 26, 2026, 10:26 PM

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Alease
4 days ago
I feel like C) A credit card bustout is risky but happens too.
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Allene
9 days ago
But D is still more prevalent. Many try to hide what they own.
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Paulina
15 days ago
I lean towards A) Forged filing. It seems easier to pull off.
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Candra
20 days ago
Agreed! People hide their wealth to avoid paying debts.
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Lashonda
25 days ago
I think it's D) Concealment of assets. It's so common.
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Trinidad
1 month ago
I agree, concealment of assets seems like the go-to scheme.
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Deonna
1 month ago
Not sure about that, I thought credit card bustouts were more frequent.
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Vi
1 month ago
Wait, a planned bustout? That sounds risky!
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Fabiola
2 months ago
Definitely A, forged filings are everywhere!
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Percy
2 months ago
I heard concealment of assets is super common.
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Denise
2 months ago
I remember discussing credit card bustouts in class, but I don't think they were the most prevalent. I guess I would go with concealment of assets too.
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Julie
2 months ago
A planned bustout sounds familiar, but I thought it was more of a tactic than a common scheme. I might lean towards concealment of assets.
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Micheline
2 months ago
I feel like I've seen practice questions where forged filings were mentioned a lot, but I can't recall if they were the top choice.
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Marsha
2 months ago
I think I remember something about concealment of assets being a big issue in bankruptcy cases, but I'm not entirely sure if it's the most common.
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