Prosecution: Gervasi swimming in red ink before arson

Using personal bank accounts and bankruptcy records, prosecutors Wednesday attempted to portray former Scranton firefighter Thomas S. Gervasi as a man drowning in red ink who was routinely hit with late fees on mortgage payments and awash in credit card debt totaling more than $139,000.

On one American Express credit card, he owed $26,989; on a second American Express card, he owed $31,045, according to his court papers filed in 2004 seeking Chapter 13 bankruptcy protection.

Mr. Gervasi's case was later dismissed when he stopped making the $350 monthly payments he was required to pay, said attorney Jim Jones, a bankruptcy court trustee. As a result, Mr. Gervasi's case was thrown out of court and all outstanding debt he tried to discharge in the bankruptcy remained against him, Mr. Jones said.

Read Full News

Resources for YOU:

• Personal Loans For Bad Credit
• Bad Credit Cards
• Bad Credit Car Loans