This October, when Ido Alexander saw photos a young man had posted on social media, he thought he had hit the bankruptcy jackpot.
Alexander, a Florida lawyer working for a court-appointed trustee, dispatched an appraiser to the manâs home to inspect the expensive-looking gold chains and other jewelry he had been posing in, which he hadnât declared as assets in court filings.
The appraiser made another discovery that is becoming all too common in the age of social-media braggadocio. âAt the end of the day, it was really costume jewelry,â Mr. Alexander says. âIt was really disappointing.â
The industryâs detectives â lawyers and accountants who serve as chapter 7 bankruptcy trusteesâare learning what most teenagers have already figured out, which is that you canât always believe what you see on Facebook and Twitter.
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