Judge rejects Lubbock man’s efforts to use bankruptcy to avoid millions of debt in Ferrum Capital case - Lubbock Lights

Judge rejects Lubbock man’s efforts to use bankruptcy to avoid millions of debt in Ferrum Capital case - Lubbock Lights

A Fort Worth bankruptcy judge ruled late Friday afternoon Mike Cox cannot discharge $21.7 million of his debt because Lubbock-based Ferrum Capital illegally sold unregistered securities. The judge’s ruling directly affects 66 people or couples who jointly filed an objection to the bankruptcy. The larger bankruptcy case involved nearly 400 people or businesses and more than $82 million as of our March 4 report on LubbockLights.com. The case came …