Jefferson may qualify for bankruptcy

Published: Oct. 28, 2009 at 12:29 AM

NEW ORLEANS, Oct. 28 (UPI) -- A bankruptcy trustee has determined that former U.S. Rep. William Jefferson, D-La., may be poor enough to file for bankruptcy under more restrictive new laws.

After Jefferson and his wife, Andrea, reported $30,967 in income a month when they filed for bankruptcy, another trustee found they do not qualify for Chapter 7 under the current federal law. But two trustees in an order Friday said Jefferson's circumstances have changed, The (New Orleans) Times-Picayune reported.

The couple said they have about $10 million in debts, including $5.7 million owned to Jefferson's defense lawyers. Jefferson, who was defeated in a re-election bid in December 2008, faces years in federal prison following his Aug. 5 conviction on charges including soliciting bribes and money laundering.

He is scheduled to be sentenced Nov. 13.

© 2009 United Press International, Inc. All Rights Reserved.
Order reprints


Additional News Stories
Crawford confesses to getting Botox shots (32 min)
Black Friday sales up 0.5 percent (38 min)
Report: Bud Selig firm about retiring (51 min)
Monsanto draws U.S. antitrust scrutiny
Scientists aim to curb burping sheep
Marijuana school opens in Michigan
Lenders pressured to lower house payments
fark
Canadian army commissions new uniforms so they can better fight in Canadian cities, although some...
Homeland Security protects America by intecepting the first shipment of a strategy guide for the...
Unnamed source gives newspaper copy of mayor's email threatening to fire any city employee who reveals...
Scalding debate on unpasteurized milk's safety goes back decades, resulting in raw feelings, legal...
Algebra II test indicates 15% ready for college but it's OK because that's almost half, right?
Mohammed was a young boy living in Iraq when he caught the eye of a major in the National Guard....