December 05, 2012
The Federal Trade Commission on Tuesday urged a federal court to dismiss a get-rich-quick real estate business owner's Chapter 11 case, agreeing with a U.S. trustee that the California man filed in bad faith to avoid paying the agency $113 million in fines.
November 15, 2012
A U.S. trustee urged a California bankruptcy court Wednesday to convert a get-rich-quick real estate business owner's Chapter 11 case to a Chapter 7 to prevent the man from using his bankruptcy status to avoid paying $113 million in fines to the Federal Trade Commission.