Tuesday, October 28, 2008

Terrill Ordered To Pay $11,000

Rep. Randy Terrill, R-Moore, has been ordered by a federal bankruptcy judge to pay about $11,000 to a bankruptcy trustee following the judge's finding that Terrill failed to list that sum as an asset in his bankruptcy case.
Terrill contends the sum constituted reimbursement for expenses and was not a loan, or an "asset."
The sum Terrill was ordered to pay will be distributed to creditors listed in the bankruptcy petition filed by Terrill and his wife. Terrill said the bankruptcy stemmed from college education debts accumulated by his wife.

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