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Bankruptcy : Bankruptcy Desperation Leads to Florida Arrest

Blogger : Total Bankruptcy
All posts : All posts by Total Bankruptcy
Category : Bankruptcy
Blogged date : 2007 May 05

A Florida small business owner has been arrested on 17 counts of grand theft. While examining his books, a police detective found a $49,000 company check to his wife for “dividends.” He was then arrested for taking money from his customer’s but not performing and work for them. He and his wife had declared Chapter 7 bankruptcy after an increase materials costs prevented him from performing work he had contracted to do, prompting several lawsuits.

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