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Bankruptcy judge orders house sold to pay debt

By The Associated Press
Published On: Jan 12 2014 10:40:02 AM MST

A judge who found a Billings casino developer hid assets during his bankruptcy has ordered the man's house sold to help pay some of the debt.
The Billings Gazette reports (http://bit.ly/1a7qlSC ) U.S. Bankruptcy Judge Ralph Kirscher ruled this week that Philip Keith hid assets during his bankruptcy, which justified the court seizing nearly $70,000 in his home's equity.
Separately, Kirscher ordered the seizure of three cashier's checks totaling $41,250 from a safe deposit box Keith opened in the name of an ex-brother-in-law and a daughter.
Trustee Joseph Womack collected the checks on Thursday and said he expected to sell Keith's house at auction. The house is valued at $390,000. The difference between the sales price and the court's share will belong to Keith.
Keith declined comment, saying he hadn't seen the ruling.