Casey Anthony reaches settlement in bankruptcy case

(UPI) -- Casey Anthony, the Florida mother who was acquitted in the death of her 2-year-old daughter, has reached a settlement in her bankruptcy case against Texas EquuSearch, the search group that looked for her daughter in 2008.

EquuSearch is one of three creditors who filed federal complaints objecting Anthony's Chapter 7 bankruptcy. The company claimed it spent over $100,000 searching for 2-year-old Caylee Anthony, who Anthony already knew was dead.

In the settlement reached Friday, EquuSearch agreed to drop its complaint. In exchange, Anthony agreed to allow the company to claim $75,000 as a creditor.

EquuSearch's attorney Marc Wites said Monday that despite the settlement the company will likely receive "very little money, if anything" as a Chapter 7 creditor.

While the group may get a portion of Anthony's estate, the remainder of the $75,000 will be wiped away when the bankruptcy concludes.

In a press release, the search group said the decision to settle came "after considerable thought."

"While many have debated whether Casey Anthony will ever financially profit from Caylee's death, one thing is certain; the time and money that [EquuSearch] must spend to pursue these claims are being taken from other families that really need their help," said EquuSearch lawyers Wites & Kapetan, P.A. and Meland Russin & Budwick, P.A.

Zenaida Gonzalez and Roy Kronk, the two other Anthony creditors, have complaints pending in federal court. A judge is scheduled to hear motions to dismiss the two complaints next month.