After a quick consult this morning with a potential bankruptcy client I came across this article detailing that former U.S. Representative William Jefferson filed a personal Chapter 7 bankruptcy last week. Mr. Jefferson was once found with a freezer full of cash to the tune of about $90,000 and was recently indicted on corruption charges. Details about the bankruptcy are in the article. The one thing that struck me is that I usually tell my bankruptcy clients that its rare that a Trustee will be an in-home audit (or inspection) in Chapter 7 cases; somehow I think with this guys past it might be a good idea for the trustee to search the house....
If you have a freezer full of cash or other assets you are worried about my firm would be happy to talk to you about your options and duties under a Chapter 7 or Chapter 13. Feel free to contact one of our attorney's anytime.
Enjoy the day.
