HAMMOND Mary Cossey, of Munster, Indiana, was indicted for three counts of wire fraud relating to her petition for Chapter 13 bankruptcy relief.
According to the indictment, Cossey defrauded the bankruptcy trustee and her creditors by providing false information in her bankruptcy petition, and concealed prohibited post-petition and preferential payments to a personal friend and creditor, identified in the Indictment as Individual A. The purpose of Cossey s scheme was to avail herself of the benefits of bankruptcy including preventing foreclosure on her home, reducing the majority of her debt on a rental property in Gary, Indiana, and eliminating her unsecured debt for pennies on the dollar without making any of the financial sacrifices required by Chapter 13 debtors.
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