Jefferson Seeks Bankruptcy Protection

Posted August 31, 2009 at 3:36pm

Former Rep. William Jefferson (D-La.) filed for Chapter 7 bankruptcy protections in the wake of his conviction on 11 criminal charges including conspiracy to solicit bribes, the New Orleans Times-Picayune reported Monday.The former lawmaker is subject to a forfeiture hearing after the same federal jury that convicted him on 11 of 16 charges in early August determined that he and his family had received $471,000 plus stock holdings as a result of criminal activities.The Times-Picayune reported that Jefferson’s daughter, Jalila Jefferson-Bullock, filed the bankruptcy forms last week. In addition to the forfeiture trial, the Jeffersons owe more than $1 million and less than $10 million to creditors, the paper reported.