According to several media reports, former Anglo Irish Bank chief executive, David Drumm was recently denied a bankruptcy discharge by a judge in Boston. Drumm appealed the ruling on Friday. Not only did the judge keep Drumm on the hook for $10.5 million euros in debt, but he released a 122-page judgment with damning
You wouldn’t think old bankruptcies are a place worth checking when hunting for assets. If someone’s bankrupt, it means they are essentially out of money, right?
Wrong, at least sometimes.
We have found all kinds of wonderful material when looking at bankruptcies. Some of it leads right to assets, and some leads to a non-financial…