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Casey Anthony Files For Bankruptcy Protection
Author: Joel R. Glucksman
Date: January 31, 2013
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Casey Anthony, the 26-year-old woman acquitted of killing her 2-year-old daughter in a 2011 trial that created a national uproar, has filed for Chapter 7 bankruptcy protection.
Anthony filed her bankruptcy in a federal court in Tampa, Florida, claiming $1,100 in assets and $792,000 in liabilities. In court documents, Anthony listed debts of $500,000 for legal fees incurred during the trial; $145,660 for the Orange County Sheriff’s office relating to a judgment covering investigative fees and costs related to the case; $68,540 for the Internal Revenue Service for taxes, interest and penalties; and $61,505 for the Florida Department of Law Enforcement for court costs, according to The Associated Press.
Anthony also named nearly 80 creditors in her court filing, with debts related to several categories ranging from medical and psychiatric services to scuba diving lessons, the AP reports.
Under Chapter 7 bankruptcy, a trustee will be assigned to take possession of and sell Anthony’s non-exempt property and assets, the sale proceeds of which will be used to pay creditors. However, Anthony currently lists herself as unemployed and with few assets. Although many of the debts may be discharged through Chapter 7 bankruptcy, there are some balances that may not be eliminated through bankruptcy protection, such as certain taxes owed to the IRS and federal student loans.
In addition to her financial troubles, Anthony is also the target of several lawsuits, including defamation lawsuits that came about following her murder trial, and another from the state of Florida, which is trying to recoup investigative costs.
Although Anthony filed for bankruptcy in Tampa, using her parent’s home address, her exact residence and location have been kept secret to protect her from the angry backlash that resulted from her acquittal.
- Practices: Bankruptcy & Creditors' Rights
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Casey Anthony Files For Bankruptcy Protection
Author: Joel R. Glucksman
Casey Anthony, the 26-year-old woman acquitted of killing her 2-year-old daughter in a 2011 trial that created a national uproar, has filed for Chapter 7 bankruptcy protection.
Anthony filed her bankruptcy in a federal court in Tampa, Florida, claiming $1,100 in assets and $792,000 in liabilities. In court documents, Anthony listed debts of $500,000 for legal fees incurred during the trial; $145,660 for the Orange County Sheriff’s office relating to a judgment covering investigative fees and costs related to the case; $68,540 for the Internal Revenue Service for taxes, interest and penalties; and $61,505 for the Florida Department of Law Enforcement for court costs, according to The Associated Press.
Anthony also named nearly 80 creditors in her court filing, with debts related to several categories ranging from medical and psychiatric services to scuba diving lessons, the AP reports.
Under Chapter 7 bankruptcy, a trustee will be assigned to take possession of and sell Anthony’s non-exempt property and assets, the sale proceeds of which will be used to pay creditors. However, Anthony currently lists herself as unemployed and with few assets. Although many of the debts may be discharged through Chapter 7 bankruptcy, there are some balances that may not be eliminated through bankruptcy protection, such as certain taxes owed to the IRS and federal student loans.
In addition to her financial troubles, Anthony is also the target of several lawsuits, including defamation lawsuits that came about following her murder trial, and another from the state of Florida, which is trying to recoup investigative costs.
Although Anthony filed for bankruptcy in Tampa, using her parent’s home address, her exact residence and location have been kept secret to protect her from the angry backlash that resulted from her acquittal.