Bankruptcy Didn't Stop Barber From Living the Good Life

by Mark Friedman  on Monday, Dec. 6, 2010 12:00 am  

Barber used $15,000 to gamble at a Hard Rock Casino, and spent nearly $30,000 on furniture at IO Metro. On June 30, 2009, Salter wrote Barber a check for $25,000.

And after July 2009, Salter provided Barber another $250,000, according to Judge Barry's order.

Ney argued that the money Salter gave Barber was commission for Barber arranging the $2 million sale of his former home to Salter.

Before the sale closed, both had agreed to a commission, but then Salter changed his mind, Salter testified during the hearing.

But both Salter and Barber maintain that the approximately $350,000 was considered a loan and Salter expected to be repaid.

Barber, though, should have put the alleged claim for commission in his bankruptcy filing and let the bankruptcy trustee decide to pursue it, Barry said in his order. 

On the witness stand, Barber said he didn't have any promissory notes for those loans.

Salter said he helped Barber out with loans because he was his former brother-in-law.

"He was in a tough situation at the time," Salter testified during the hearing. "And [I] would have liked to think that if the roles were reversed he would have tried to have helped me."

Ney told the bankruptcy court Barber "was living very high on this money that he was hiding from creditors during these months immediately preceding his bankruptcy."

Bankruptcy

Separated from Brandon, Keri Barber, who had moved to New York, filed for Chapter 7 bankruptcy protection on May 22, 2009. She listed $47,400 in assets and $16.3 million in debt, all of it unsecured. Her bankruptcy is still pending.

 

 

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