DR. AKBAR MARVASTI,
FORMER ECONOMICS PROFESSOR
(June 9, 2011) The Marvasti File Former CoB Economist Now Confronting Legal Issues in South Florida Part 1
introduces readers to a federal court action filed by Chase Bank against Marvasti, an action taken on the heels of
Marvasti’s 1-Nov-2010 filing of a Chapter 7 Bankruptcy petition. Further examination of Marvasti’s Chapter 7 filing,
however, reveals that his issues with Chase Bank are relatively minor when stacked up against others whose credit
Marvasti availed of himself. Among the secured debts owed by Marvasti at the 1-Nov-2010 Chapter 7 filing are:
(October 4, 2010) 31st & Pearl One Heckuva Plan It has been about one year since the Martha Saunders
administration agreed to a plan put forth by the USM b-school economics faculty that would allow the unit, which
had recently been eliminated by the Saunders administration, to survive as a smaller group over in USM’s liberal
arts college.
(June 10, 2011) The Marvasti File Former CoB Economist Now Confronting Legal Issues in South Florida Part 2
detailed the secured claims against Marvasti by CitiMortgage and Honda Financial Services that are part of his
ongoing Chapter 7 Bankruptcy filing. The first and second mortgages on his Hattiesburg home, plus the loan for his
2009 Honda Accord, resulted in claims totaling almost $305,000. Part 1 described a federal court action against
Marvasti by Chase Bank over credit card expenses of $7,525.
