Along with his wife Kimberly, Hamilton hopes that by filing for Chapter 13 bankruptcy, they will be able to keep some of their property and repay most of their debts. In their filing, the Hamiltons listed $520,000 in assets and $594,000 in liabilities.
The couple is already experiencing trouble in their filing, as the bankruptcy trustee filed an objection this week regarding their repayment plan. The plan failed to include expenses related to Hamilton’s criminal case, and how it will affect his wages in the future. The trustee also raised a flag about a legal defense fund that Hamilton claims to be a beneficiary of, but has released no details about.
If convicted of bribery and extortion, Hamilton could face up to thirty years in prison for his federal crimes.