By Rebecca U. Cho
Daily Journal Staff Writer
Four years ago, Orange County bankruptcy attorney Penelope Parmes was representing a lender who held a mortgage on a defaulted property in Los Angeles, when she discovered that the property owner, an artist who had not sold a painting in 10 years, had managed to purchase several million-dollar homes in the area - all with no source of income.
 ...
Daily Journal Staff Writer
Four years ago, Orange County bankruptcy attorney Penelope Parmes was representing a lender who held a mortgage on a defaulted property in Los Angeles, when she discovered that the property owner, an artist who had not sold a painting in 10 years, had managed to purchase several million-dollar homes in the area - all with no source of income.
 ...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In