Testimony Heard In Terrill Bankruptcy Case
Rep. Randy Terrill tried Wednesday during lengthy testimony in federal court to refute claims that he had failed to report all of his assets in a 2005 bankruptcy case that was recently reopened. Terrill, R-Oklahoma City, allegedly failed to note more than $11,000 in assets that should have been reported to the court and made available to pay his creditors.His 3-year-old bankruptcy case was reopened when questions were raised by a trustee who asserted that Terrill had received loans totaling $11,301 from his campaign, which should have been reported as assets. Terrill alleges the action was taken by those who have opposed his efforts at immigration reform.
Terrill said any money he received from his 2004 campaign was reimbursement for expenses he had incurred out of his personal funds in connection with his House race.However, Terrill's bank records — produced in court Wednesday by trustee John Mashburn — indicate that Terrill acknowledged the loans by making notations that said "partial loan repayment."His bank records indicate that he received at least two loans, one for $2,000 and the other for $750, but Terrill said he was really being reimbursed for expenses.
Labels: John Mashburn, Randy Terrill


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