Rumor Control: Beaumont Bankruptcy

By: Libi Uremovic| Original Article at Patch.com

Kaparnicas States The City Is Not Filing Bankruptcy, But For All The Wrong Reasons

There was talk that the City of Beaumont has already filed Bankruptcy. Kapanicas has personally telephoned people and told them that the City has not filed bankruptcy because: “Beaumont has no debt”.

There is always one drop of truth in the sea of lies told by the City.

I believe It’s true that the City hasn’t filed bankruptcy, but it’s not because ‘there is no debt’.

The reason the City can’t/won’t file bankruptcy is because it’s a judicial proceeding that would require the City to open their books. The books reveal double-dipping, fraud, misappropriation of funds, and embezzlement by the City’s elected and appointed officials.

I understand why people would think that the City of Beaumont would file bankruptcy – it’s the only financial option available. But because of the city’s criminal activity, bankruptcy is not an option.

There is no recourse under the law for an illegal activity. Beaumont City Staff can’t steal all the money then request relief through the courts. Beaumont residents will have to remove Council and Staff before they can file bankruptcy.