Michael Avenatti law firm files for bankruptcy protection again; creditor objects
Eagan Avenatti, the longtime firm of lawyer Michael Avenatti, filed late Thursday for federal bankruptcy protection. It’s the second time in two years that it has sought court protection from its creditors.
The move came three weeks after Jason Frank, a former lawyer at the firm, filed court papers accusing Avenatti of hiding millions of dollars from the court that oversaw its previous bankruptcy.
Frank, who is trying to collect a $10-million judgment that he won against the firm, withdrew those papers after Avenatti agreed to the appointment of a receiver to take control of its financial affairs.
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Asked by email to explain the new bankruptcy, Avenatti responded: “Who cares? Old firm that we have not operated under for a very long time. We want to ensure the proper distribution of assets to creditors — it means nothing to our current law practice. Onward and upward.”
Read the rest at: https://www.latimes.com/politics/la-na-pol-avenatti-bankruptcy-law-firm-20190308-story.html
