White & Case partner lists assets worth $1,700 in bankruptcy filing

January, 28 2014

A 55-year old divorced White & Case partner has listed his assets as US$800 in cash, $900 in clothes and a broken Concord watch in his bankruptcy filing.

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Gregory M Owens's Chapter 7 petition shows substantial pension savings but minimal liquid assets. He used to work at Dewey & LeBoeuf, the firm which imploded in 2012. He now earns US375,000 a year but says he is out of pocket each month after paying his alimony, child support and other monthly expenses. Source: ABA Journal