In 2011, Florida resident Casey Anthony was acquitted following a trial arising out of the death of her two-year old daughter, Caylee. She has since filed for bankruptcy. Anthony does not have any income and is currently unemployed. The amount of her debts was not disclosed.
In March, the bankruptcy trustee petitioned the court for an order requiring Anthony to sell her life story. An attorney for Anthony objected on the grounds that bankruptcy is designed to provide people with a fresh start. Anthony has not yet written an autobiography or sold her story, and therefore any order requiring her to sell the story would force her to create something new. There are also concerns that the proposal may prevent Anthony from ever talking about her life after the proceedings are complete.
A bankruptcy trustee is the person appointed by the courts or the creditors to distribute the estate of a person who has filed for bankruptcy. The person is not hired by the consumer and does not represent the consumer’s interests in the case.
When a person’s debts exceed available assets, and monthly income is not enough to make the required payments, bankruptcy can often offer some relief. In a Chapter 7 bankruptcy, assets are liquidated to pay debts, which are then discharged. In a Chapter 13 case, people with steady income reorganize debts and establish a monthly payment plan. In some cases, a bankruptcy attorney can help consumers remain in their homes. An attorney may also be able to advise which type of bankruptcy is best in a given situation.
Source: The Republic, “Casey Anthony objects to bankruptcy proposal that she sell her story,” Mike Schneider, April 5, 2013