Just like everyone else who files a chapter 7 bankruptcy, Casey Anthony had to attend a meeting with her bankruptcy trustee yesterday in Tampa, Florida, called a First Meeting of Creditors. The bankruptcy code requires this meeting under section 341, and is an opportunity for creditors and the trustee (but mostly the trustee) to ask questions of the debtor.
Ordinarily, these hearings take 10 to 15 minutes at the most, but hers took about 50 minutes, as reported by the Associated Press (and printed in The New Jersey Herald). Ms. Anthony testified that she was unemployed, but doesn't pay rent or utilities. She is quoted as saying, "I guess you could say I'm living free off the kindness of others."
She said she lives with friends, and when asked by a trustee if she bought her own food, she replied, "I try to contribute when I can." She went on to say that she was living off money given to her by her former attorney and through unsolicited gift cards and money. On top of that, she has failed as an entrepreneur, as she hasn't received any offers for book, movie or TV deals.
Most chapter 7 bankruptcies here in Gloucester County, New Jersey are "no asset" cases, as they do not result in the liquidation of assets to raise money to pay creditors. However, Ms. Anthony's case is a bit extreme, as most debtors have some assets and a way to survive.
In addition, while most people get some sort of fresh start from bankruptcy, Ms. Anthony's filing may not get her all the way there, due to some lingering debt that may well not get discharged.
Check out our other news articles on interesting legal developments in New Jersey, as well as a wealth of information on bankruptcy, DWI, foreclosure, and traffic court. Should you have further questions or need additional information, please contact me to schedule an appointment.