A motivational speaker with felony debts that couldn’t be discharged through bankruptcy flips his lid

Jeff Locker was a motivational speaker that believed in infusing “spirituality” into business.  But for someone who preached “enhanced Life Fulfillment” to entrepreneurs, he wasn’t terribly successful himself.  He had previously fallen several hundreds of thousands behind into the credit trap and could hardly pay the bills.

This past April, a bankruptcy judge ordered him to recover funds he’d reaped from a stake in a billion dollar Ponzi scheme. Despite the bankruptcy court’s incriminating evidence against his involvement in the infamous Pearlman Blimp Ponzi scheme, Locker insisted he was an innocent investor.  The bankruptcy proceeding unraveled his life quickly, demanding $311,000 be recouped.

Up to his final moments, Jeff Locker was a strong, persuasive orator, but this did not help him in the end.  He was found dead in his car with signs of strangulation and multiple stab wounds.

Jeff Locker’s death was certainly gruesome—but as someone who existed only in a “New World” of vague ideas, preaching the “Laws of Vibration & Attraction”, he never saw a pragmatic way out of his debt.  Debts to federal bankruptcy court from active participants of a Ponzi scheme cannot be discharged through a personal bankruptcy—unless the accused would rather repay their debts in a state penitentiary. 

Locker’s unraveling due to criminal involvement is a sad tale—but had he sidestepped foul play investing, he could have dissolved his debt the old-fashioned way, with a personal bankruptcy. 

Legal Helpers deals exclusively in helping individuals attain debt consolidation and reorganization through Chapter 7 and Chapter 13 personal bankruptcies so that no one has to witness the shocking, disturbing measures that the financially struggling Jeff Locker went to.  While all of the audiences of his countless business seminars take a moment to question all of his gleanings, take a second to assess your own finances.  Call the professionals at 1-800-260-1402 for a free bankruptcy consultation today.

It’s common knowledge that most student loans will not be eligible for a bankruptcy discharge unless it “imposes an undue hardship” on the filer or the dependants of the filer. Even then, it’s a difficult standard to meet and most student loan debts cannot be discharged. But how exactly do private student loans factor into a bankruptcy?  

Private student loans are a little different from Federal student loans. Some of the differences are minor. For example, private loans may require the borrower to have good credit or have a co-signer with good credit to qualify, whereas the federal loans do not.

However, due to the changes in Bankruptcy law that occurred back in 2005, private student loans are no longer treated differently than Federal student loans.  The changes to the law only affect cases that were filed after October 17, 2005.

Furthermore, some people are still confused about whether their student loans can be discharged because prior to October 7, 1998, student loans actually were dischargeable, assuming the repayment status was for a specific period of time. But as the law stands now, you still must pay off your student loans after filing bankruptcy in most cases.

If you are facing a personal bankruptcy and are not sure about what can and can’t be discharged, you should speak with a skilled bankruptcy attorney. We can answer any questions or concerns you may have and can give you an honest, free assessment of your financial situation and offer real solutions that get you out of debt. Call 800-260-1402 to get started now.     

The owner of Las Vegas’ flashiest gay nightclub, Krave, has filed for Chapter 11 bankruptcy. According to the Las Vegas Review-Journal, Sia Amiri, who also owns the nearby Harmon Theater, will continue to run both operations during the bankruptcy proceedings.

Both Krave and the Harmon, which is known for magic and hypnotist shows, are located in the Miracle Mile Shops on Harmon Avenue, which has been the site of construction and street closures during the erection of the gargantuan City Center project across the way. This interruption, which may have made access to both venues more difficult for potential customers, may have contributed to the loss of business for Amiri.

Krave, which has $3.5 million in liabilities, is known for acrobatic performances, glamorous male and female go-go dancers and celebrity hosts such as former supermodel and TV celeb, Janice Dickinson.

Call Legal Helpers toll-free at 800-260-1402, today, if you are considering filing for Chapter 7 or Chapter 13 personal bankruptcy. You will speak with an experienced, smart, knowledgeable bankruptcy attorney who has your best interests at heart; your first consultation is free. Declaring bankruptcy can mean a whole new chapter in your life.