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Michael Avenatti’s law firm reportedly filed for bankruptcy protection Thursday, weeks after a former partner alleged "financial shenanigans" surrounding the bankruptcy proceedings.
The fresh bankruptcy filing came a day before Avenatti was scheduled to appear in a California federal courtroom to give testimony on the finances of his firm, Eagan Avenatti. A lawyer for Jason Frank, a former partner with the firm who last month charged that millions of dollars in legal fees had been hidden from creditors during the bankruptcy proceedings, planned to question Avenatti about the firm’s finances, the Los Angeles Times reported Friday.
“Who cares? Old firm that we have not operated under for a very long time,” Avenatti told the Los Angeles Times when asked about the bankruptcy filing. “We want to ensure the proper distribution of assets to creditors — it means nothing to our current law practice. Onward and upward.”
originally posted by: Xcalibur254
The reaction to this should be fun. I mean how many times have Trump's supporters told us that declaring bankruptcy is a smart business move?