Bankruptcy
From CaseyPedia
Bankruptcy is the legal state where an individual or organization is declared financially insolvent and unable to pay their creditors. In most cases, bankruptcy proceedings are initiated by the debtor.
When Casey Serin first started his blog, he was advised by numerous people that he should declare bankruptcy in an effort to discharge at least a portion of his virtually unmanagable half-million dollar debt. Serin acknowledged the advice, but proceeded to waver and waffle over contacting a bankruptcy lawyer. Casey never declared bankruptcy, even as the interest payments on his outstanding increased by five figures in the intervening time.
Speculation among the Haterz™ is that Serin refuses to declare bankruptcy, because doing so would open his shady financial dealings to the public record, and he would undoubtedly be prosecuted for mortgage fraud, among other felony charges.
[edit] Serin Family Bankruptcy
On January 27, 2010, the Casey's parents filed a Chapter 13 bankruptcy petition in order to block the imminent foreclosure and sale of their house.
The filings have been made available by FalseCasey:
