Southern District Bankruptcy Trustee Accused of Mishandling $16 Million
A 20 year Bankruptcy Trustee has been charged with Wire Fraud in the Southern District of Florida. This is the Second Chapter 7 Trustee in the Souther District that is being investigated for financial improprieties.
Marika Tolz is the Chapter 7 Trustee under investigation for missing funds. The other Chapter 7 Trustee awaiting sentencing is Lewis Freeman.
This is a very unfortunate situation. As a bankruptcy attorney who believes in the integrity of the bankruptcy system and has seen the system work for thousands and thousands of clients, I really do not like to see the system tainted in anyway at all.
Although I do not agree with many of the rules and regulations in the Bankruptcy Code, I truly believe the system works as effectively.
Ms. Tolz has not been charged with any crimes but investigations are continuing. I wish her the best of luck. I heard she was a good trustee to practice in front of.
This post was submitted by Carmen Dellutri, Esq., founder of The Dellutri Law Group, P.A. Currently, the firm has offices in Port Charlotte, Fort Myers, Naples and Sarasota. Mr. Dellutri also sits on the Board of American Board of Certification. Mr. Dellutri is also one of the founders of the Bankruptcy Law Network, Debt Law Network, Credit Law Network, and Mortgage Law Network. Mr. Dellutri also writes for the firm's personal injury litigation blog, www.faircreditreportingactblog.com and www.fairdebtcollectionpracticesactblog.com, and the firm's mortgage modification blog.
