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North Carolina Bankruptcy Criminal Indictments

Ed Boltz

Tue, 07/02/2024 - 19:55

Attached are three criminal indictments  of bankruptcy debtors in North Carolina,  all of which largely relate  to undisclosed transfers or transactions after the filing of their bankruptcy.

Status:

  • Swicegood:  Mr.  Swicegood appears to have pleaded guilty as to Count One of  concealing property from the bankruptcy trustee,  with the other counts being dismissed.  He was sentenced  on April 24,  2024  to  four (4) years probation and a $100 special assessment.
  • Purdy:  Ms.  Purdy pleaded guilty to making false statements to obtain a federally funded mortgage on May 22,  2024,  with sentencing in August.
  • Colbert:  Ms.  Colbert's case is still pending,  with  trial  preliminarily  set for August.

Additionally,  while  the creditor eventually made the wise decision to obtain legal counsel, who negotiated a resolution,  previously New Bro's Motors was  subject  to civil and not criminal contempt,  with the attached  order directing the United States Marshals Service to take its  owner into custody fortunately being avoided.

Whether there are other criminal cases arising from bankruptcy,  against debtors or creditors,  is likely only known by the AUSAs and perhaps the BAs,  but hopefully this is neither a trend nor that any of these cases bleed over onto others, especially their attorneys.

To read a copy of the transcript, please see:

To read a copy of the transcript, please see:

To read a copy of the transcript, please see:

To read a copy of the transcript, please see:

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