Attorney: Reopen Terrill Bankruptcy Case
UPDATED ~ Following allegations first reported in a Spanish language newspaper, El Nacional de Oklahoma (http://www.noticiasok.com/), and given wider circulation by the Democrats of Oklahoma Community Forum, http://www.demookie.com/, Oklahoma City attorney John Mashburn has asked the U. S. Bankruptcy Court in Oklahoma City to reopen the 2005 bankruptcy filing of Rep. Randy Terrill, architect of the state's new immigration law.
Mashburn (pictured), who says in the filing on July 18th that he was the original trustee in the Randy and Angela Terrill bankruptcy case in 2005, alleges there may be assets that were not included in the final settlement in 2006. Mashburn apparently was trustee for creditors.
Terrill told The McCarville Report Online, "I don't mind the trustee taking a second look to make sure everything was done properly."
Mashburn's filing came after the reports alleged Terrill's campaign committee owed him money and that the debt was repaid after his bankruptcy was discharged and the debt, an alleged undisclosed Terrill asset, was not included in the filing.
Terrill said, "...it's unfortunate...that some...are trying to damage me politically" because of a family bankruptcy filing prompted by his wife's college debts: "I find it despicable that someone would exploit my wife's financial difficulties during college to damage me politically."
Terrill said the "loan" repayments listed on his campaign documents covered ordinary campaign expenses for which he paid and was later reimbursed. He said many of the expenses occurred in 2003 and 2004 prior to the bankruptcy filing.
He said there were no "loans" in "the traditional sense of the word."
Terrill added that those who oppose him because of his sponsorship of the state's new immigration law and advocacy of "English only" have "been trying to pedal this story...for some time."
Terrill, who said he's not yet been officially notified of Mashburn's filing with the court, said he's confident that a review of the bankruptcy case and all the documents related to it will find nothing wrong.
The original post on the Democrats of Oklahoma Community Forum: Escrito por Redacción Local Viernes 18 de Julio de 2008 19:05 After declaring bankruptcy, State Legislator Randy Terrill contributes a substantial funding to his own campaign. On October 14, 2005, Randy Terrill filed a Bankruptcy Petition. Included in the petition is a Summary of Schedules in which claimed assets by Terrill total the amount of $12,854.40. Of the total claimed assets Randy Terrill only claimed to have $500.00 in a checking account and no cash on hand, no accounts receivable, and no liquidated debts. In Schedule I-Current Income of Individual Debtor(s) Randy Terrill stated his occupation to be a Consultant for the State of Oklahoma instead of a Legislator with a monthly income of $3,200.00 gross and $2316.19 net. On January 1, 2006, a Campaign Contributions and Expenditures Report showed a loan made by Randy Terrill to his Campaign Committee in the amount of $9,801.00 while his bankruptcy was still pending. On March 1, 2006 one day before Discharge of Debtor was granted to Randy Terrill, a loan repayment in the amount of $1,500.00 was shown in Schedule E. Monetary Expenditures of Campaign with a reporting period from January 1, 2006 to March 31, 2006. Discharge of Debtor was dated March 2, 2006. On July 6, 2006, after Discharge of Debtor was granted to Terrill, a loan repayment in the amount of $7,209.50 was shown in Schedule E Monetary Expenditures of Campaign with a reporting period from April 1, 2006 to July 10, 2006. Based on this information, there is a possibility that Terrill could face charges of perjury and or fraud.Ultima actualización ( Viernes 18 de Julio de 2008 19:29 )
Mashburn (pictured), who says in the filing on July 18th that he was the original trustee in the Randy and Angela Terrill bankruptcy case in 2005, alleges there may be assets that were not included in the final settlement in 2006. Mashburn apparently was trustee for creditors.Terrill told The McCarville Report Online, "I don't mind the trustee taking a second look to make sure everything was done properly."
Mashburn's filing came after the reports alleged Terrill's campaign committee owed him money and that the debt was repaid after his bankruptcy was discharged and the debt, an alleged undisclosed Terrill asset, was not included in the filing.
Terrill said, "...it's unfortunate...that some...are trying to damage me politically" because of a family bankruptcy filing prompted by his wife's college debts: "I find it despicable that someone would exploit my wife's financial difficulties during college to damage me politically."Terrill said the "loan" repayments listed on his campaign documents covered ordinary campaign expenses for which he paid and was later reimbursed. He said many of the expenses occurred in 2003 and 2004 prior to the bankruptcy filing.
He said there were no "loans" in "the traditional sense of the word."
Terrill added that those who oppose him because of his sponsorship of the state's new immigration law and advocacy of "English only" have "been trying to pedal this story...for some time."
Terrill, who said he's not yet been officially notified of Mashburn's filing with the court, said he's confident that a review of the bankruptcy case and all the documents related to it will find nothing wrong.
The original post on the Democrats of Oklahoma Community Forum: Escrito por Redacción Local Viernes 18 de Julio de 2008 19:05 After declaring bankruptcy, State Legislator Randy Terrill contributes a substantial funding to his own campaign. On October 14, 2005, Randy Terrill filed a Bankruptcy Petition. Included in the petition is a Summary of Schedules in which claimed assets by Terrill total the amount of $12,854.40. Of the total claimed assets Randy Terrill only claimed to have $500.00 in a checking account and no cash on hand, no accounts receivable, and no liquidated debts. In Schedule I-Current Income of Individual Debtor(s) Randy Terrill stated his occupation to be a Consultant for the State of Oklahoma instead of a Legislator with a monthly income of $3,200.00 gross and $2316.19 net. On January 1, 2006, a Campaign Contributions and Expenditures Report showed a loan made by Randy Terrill to his Campaign Committee in the amount of $9,801.00 while his bankruptcy was still pending. On March 1, 2006 one day before Discharge of Debtor was granted to Randy Terrill, a loan repayment in the amount of $1,500.00 was shown in Schedule E. Monetary Expenditures of Campaign with a reporting period from January 1, 2006 to March 31, 2006. Discharge of Debtor was dated March 2, 2006. On July 6, 2006, after Discharge of Debtor was granted to Terrill, a loan repayment in the amount of $7,209.50 was shown in Schedule E Monetary Expenditures of Campaign with a reporting period from April 1, 2006 to July 10, 2006. Based on this information, there is a possibility that Terrill could face charges of perjury and or fraud.Ultima actualización ( Viernes 18 de Julio de 2008 19:29 )Labels: Bankruptcy Court, John Mashburn, Randy Terrill
posted by Mike McCarville @ 12:05 AM
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