(KSLA) - A Benton attorney faces up to 5 years in prison, a $250,000 fine and 3 years on supervised release for collecting filing fees from clients without informing the bankruptcy court.
Glay H. Collier II is scheduled to be senteneced March 1.
The 53-year-old entered a conditional guilty plea to one count of bankruptcy fraud Nov. 10 before U.S. Magistrate Judge Karen L. Hayes. His plea will become final when accepted by U.S. District Judge Robert G. James.
Evidence presented during Collier's plea hearing shows he filed records with the bankruptcy court stating he would accept "no look" fees as payment for his services. Such fees cap attorney's fees in bankruptcy proceedings to $2,800. In excess of that amount, records show, Collier charged some clients up to $281 in filing fees that he did not disclose to the court.
Collier filed 2,160 Chapter 13 bankruptcy cases in Shreveport and another 983 such cases in Monroe between March 2010 and November 2013. He fraudulently collected or attempted to collect filing fees in about 479, or 22 percent, of those cases, according to U.S. Attorney Stephanie A. Finley's office.