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Agape World Involved In An Ongoing Chapter 7 Case

Agape World Involved In An Ongoing Chapter 7 Case

Posted By Westchester County Bankruptcy Lawyer || 1-Jun-2012

Yesterday, newscaster Lou Young contacted me regarding an ongoing Chapter 7 bankruptcy case for Agape- -World. Agape World has been called Long Island's largest Ponzi scheme with $400 million at stake. Many of Agape World's investors invested small amounts of money and the trustee has instituted many lawsuits to recover funds from these investors that were withdrawn within 90 days of the bankruptcy filing. These investors had no knowledge of the fraud perpetrated and were merely receiving a repayment of the principal of their investments.

The trustee, by using his avoidance powers, is strong arming these investors into settling and giving back withdrawn funds in addition to their losing their investment.

CBS interviewed me and a brief portion of that interview was broadcast on CBS Evening news last night.

While the merits of each case need to be weighed, we believe that these small investors could prevail in the adverse proceedings brought by the trustee; however one must always weigh the cost when defending such claims.

At Bronson Law Offices, P.C. we aggressively represent our clients with the goal of attaining the results the client desires. We do not fight battles for the sake of fighting; however, we are very tenacious when our clients are in the right and desire us to fight for them. Tara McDevitt, Esq. is an excellent litigator who knows how to marshal her facts and present a compelling picture. Carl Nelson, Esq. is a compassionate attorney who methodically works through a client's case to achieve the desired results.

We concentrate on consumer bankruptcies Chapter 7 (for individuals and corporations) and Chapter 13, foreclosure defense and loan modification, tax issues as well as general practice. Facing a debt related matter can be very stressful as well as life changing; hiring an experienced bankruptcy lawyer should be your first step when it comes to a bankruptcy related case. Contact a debt relief attorney from our firm for more information, we will be able to stand by your side throughout the entire legal process as well as answer any questions or concerns you may have along the way. Don't hesitate to seek the legal guidance you deserve, call the firm at 914-827-5238 today.

Categories: Bankruptcy, Chapter 7