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The REAL reason Anthony filed for bankruptcy

  • Casey Anthony filed for bankruptcy on Friday
  • She is almost $800,000 in debt and unemployed, according to court document

Casey Anthony is starting a new chapter in her life: Chapter 7 bankruptcy.

On Friday, Casey Anthony filed for bankruptcy protection from creditors. She owes almost $800,000 to around 80 creditors, according to the voluntary petition filed on her behalf.

In Session contributor Joey Jackson says Anthony may want to use bankruptcy to help shield her from judgments in current and future lawsuits. Watch the video above to see Jackson explain Anthony's strategic move.

Among her debtors are Anthony’s parents and former state prosecutor Jeff Ashton. The court document also says that she owes a disputed $500,000 to her former defense attorney, Jose Baez, and around $4,000 to the state of Florida.

Anthony's petition also indicates that she has been unemployed for four years and her only income over the past three years has been “non-monetary gifts and gift cards from various unrelated third parties,” of an unknown value.

The petition includes that Anthony owns more than $1,000 in personal property, including $474 in cash.

READ FOR YOURSELF: Casey Anthony's Voluntary Petition

One of Anthony’s defense lawyers, Andy Chmelir, told CNN affiliate Central Florida News 13 that “To some extent she feels ... bad that she's having to have all these legal services provided to her and she is unable to compensate anyone. So, she wants closure more than anything else."

In the summer of 2011, a jury acquitted Anthony of all the charges related to her daughter Caylee’s death.  But she was convicted on four counts of lying to law enforcement. On Friday, just before Anthony filed for bankruptcy, an appeals court overturned two of the four convictions.

Read more: In appeals court, Casey Anthony wins -- and loses

Cheney Mason, another of Anthony's attorney, says his client wants to keep fighting to get all the convictions tossed out.

While that’s going on, there’s another legal action waiting for her. Zenaida Gonzalez is suing Anthony for defamation. Gonzalez alleges that Anthony defamed her and damaged her reputation when she claimed a nanny named Zenaida Fernandez-Gonzalez had taken her daughter. Anthony's criminal attorneys acknowledged at her murder trial that no such nanny ever existed.

Gonzalez’s attorney told the affiliate that Anthony’s appeals of her lying convictions are a tactic to delay the defamation lawsuit.

The defamation lawsuit was already on hold while the appeals court made a ruling on the convictions. The delay will likely continue. In Session's legal experts say Anthony's next step will likely be to ask the appellate court for a rehearing of her appeal.

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