Bankruptcy For Casey Anthony

url  Casey Anthony in the news again for filing Chapter 7 bankruptcy.  The media were mesmerized by her trial for murder of her own child.  She was acquitted.  She was convicted of four counts of lying to the government, but just got two of those overturned on appeal.

Her bankruptcy filing claims she has no income.  And not many assets.  Anyone filing any chapter bankruptcy must disclose all assets and all income, as well as all debts.

The defense attorney who got her off on the murder charge is down for $500,000.  Ouch.

Although:

At one point, ABC News paid Anthony $200,000 for photographs, with the money then reportedly going toward Anthony’s pricey legal defense.

Even her mother and father are listed as creditors.  And 78 others for a grand total of $800,000.

Unlike most debtors, she did not borrow most of her debt.  It was incurred for services for which she agreed to pay, services which were rendered, but she had no bucks to pay when the bill came due.

Seems to me the criminal lawyer had to suspect that bill might not get paid.

Now, the lawyer handling the appeals says they will keep fighting.  I guess he ain’t gettin’ paid either.  Not with only $1,000 of personal property listed as assets.

She owes the IRS about $70,000.  That is NOT dischargeable in her Chapter 7 bankruptcy unless it is for her own income, for a tax year three years or more before filing, and, for which the return was filed two years before the filing.  The wording on this bankruptcy statute is tricky, so check with that experienced bankruptcy attorney if you have questions about discharging income taxes you owe.

The sheriff is listed for more than $145,000.  That might be dischargeable, depending on exactly what it is for.

Fines and criminal penalties are NOT dischargeable in bankruptcy, so any part of that which was imposed as part of her criminal sentence, she will still have to pay.

 

 

 

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