Posts Tagged ‘casey anthony lawsuit updates’

A bankruptcy judge has ruled that Casey Anthony won’t have to pay most of her debts.  It is not clear exactly how much of the debt has been wiped clean, but Chuck Kilcoyne, a representative of the U.S. Bankruptcy Court in the Middle District of Florida, told HLN that the only debt not discharged includes the pending defamation proceedings.  Bankruptcy Judge May signed the order Tuesday.  Anthony’s bankruptcy has taken almost double the length of a normal bankruptcy case.

A date has not been set for the two defamation lawsuits, but the federal judge could hear them early next year.

In recent years bankruptcies have skyrocketed due to economic downturns.  Currently, the bankruptcy filings in the U.S. are more than double that of those in the Great Depression.  An average person carries about $59,000 in debt.  Most bankruptcy filers have recently suffered catastrophic financial issues.  19% of Americans between the ages of 18-24 declared bankruptcy in 2001, according to USA Today.  The fastest growing group of bankruptcy filers are those people who are 25 years of age or younger, according to the Senate Committee on Banking, Housing, and Urban Affairs.  Bankruptcies are often difficult despite their intended purpose of giving a “fresh start”, three-quarters of filers experience depression.

Casey Anthony owed nearly $800,000 in debts mostly as the result of her acquittal of capital charges in 2011.  Jose Baez, her lead defense attorney, was the largest creditor in the case with more than 60% of her debt.  According to a court document signed by May, the discharge does not dismiss the case yet.

“It does not determine how much money, if any, the trustee will pay to creditors,” the order said, “Most, but not all, types of debts are discharged if the debt existed on the date the bankruptcy case was filed.”

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