Richmond, Virginia, Real Estate Developer Faces Involuntary Bankruptcy, Prison
Posted by | Posted in Bad Credits | Posted on 04-07-2011
Justin G. French, a Richmond, Virginia, real estate developer, has been forced into involuntary Chapter 7 bankruptcy, according to the Virginia Ties Dispatch. Three Virginia banks, Paragon Commercial Bank, Franklin Federal Savings Bank and Citizens Bank and Trust Co. have combined claims of approximately$2.5 million against French. The developer, who admitted to the allegations, asked the court to dismiss the bankruptcy. The judge, however, granted the order of relief, allowing the Chapter 7 bankruptcy to proceed.French faces up to 30 years in prison for defrauding taxpayers of millions of dollars meant to rehabilitate historic buildings in the Richmond area.Filing for Chapter 7 or Chapter 13 personal bankruptcy is complicated. You need a knowledgeable and experienced bankruptcy attorney from Legal Helpers. Log onto www.legalhelpers.com or call toll-free 800-260-1402 for your free initial consultation. Attorneys from Legal Helpers have helped over 56,000 consumers in the last three years discharge their debt. We can help you, too.
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