Paying three hundred thousand dollars of debt before being ordered out of the house
“What is the timeline?” I asked.
“Once we file, the court issues an order for relief,” Richard said. “Marcus will have twenty-one days to respond, during which time his corporate assets are frozen.”
“And the trust?”
“The bankruptcy trustee will immediately target the Elmwood house transfer as a fraudulent preference,” Richard said. “Evelyn will have to defend the transfer in federal court.”
He looked at me over his legal pad, his expression entirely neutral.
“This will destroy his company, Clare,” Richard said.
“The company was already dead,” I said. “He was just using my money to keep the lights on while he cleared the exit.”
Richard nodded, apparently satisfied with the answer, and began typing on his laptop.
“I will have the draft of the petition ready by four o’clock,” he said.
I spent the afternoon in the Cary Street office, matching bank routing numbers from the corporate accounts with the ledgers David had retrieved.
The second commercial account, registered under the name Vance-Webb Enterprises, showed a steady drain of cash throughout the spring.
I opened the blue folder on the desk, looking at the bank statements from March.
