Articles Tagged with Casey Anthony

Shortly after her murder acquittal, Casey Anthony filed for Chapter 7 bankruptcy protection in the Middle District of Florida in January of 2013. According to her bankruptcy schedules, Anthony’s total amount of debt was close to $800,000; most of which were attorney fees. She listed that she was unemployed, and claimed about $1,000 of total assets.

In a normal Chapter 7 bankruptcy case, a trustee is appointed to administer the bankruptcy estate. Pursuant to section 541 of the Bankruptcy Code, the bankruptcy estate consists of all legal and equitable interests of the debtor in property at the time of the bankruptcy filing. State law then allows a debtor to exempt, or keep, a certain amount of property from the bankruptcy estate. In Chapter 7 bankruptcy the Debtor would then have a choice to either surrender his or her non-exempt assets, or to buy them back from the bankruptcy estate. Since Casey Anthony had very few assets, most of her property would have been exempt. She would eventually receive her discharge of her debt, while paying very little back to the bankruptcy trustee.

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