A Billings, Mont., neurosurgeon accused of malpractice who filed for bankruptcy last year is now battling allegations that he is trying to hide his money and property from creditors, the Billings Gazette reported today. Bankruptcy trustee Joe Womack, a Billings attorney, said in court records that Dr. John Henry Schneider was a successful neurosurgeon who claimed to have a personal net worth of $17 million as recently as 2011. After filing for bankruptcy in 2014, Schneider claims “virtually no assets,” Womack said. Schneider, the trustee said, carried out “this disappearing act,” through a complex scheme that used companies, trusts and transfers to “divest himself of technical ownership of virtually all assets and claims, leaving virtually nothing to satisfy his creditors.” Womack alleges Schneider worked with his wife and others to defraud creditors by transferring assets to his children’s trusts, to his wife and to various corporations and trusts he’s been involved with. Read more.
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