DURHAM — District Court Judge William A. “Drew” Marsh III and his wife, Sonja D. Marsh, have filed for Chapter 13 bankruptcy.
Their petition, filed Dec. 21, 2012, in the U.S. Bankruptcy Court for North Carolina’s Middle District, shows they have liabilities of more than $577,000. The liabilities include $71,242 in federal, state and Durham County taxes.
The Marshes’ total assets are listed as $449,785.
A chapter 13 bankruptcy, according to the U.S. Courts website, enables individuals with regular income to develop a plan to repay all or part of their debts over a period of up to five years.
A statement filed March 11 shows their current gross monthly income at $9,666, or $115,992 per year. A repayment plan submitted to the court in February calls for the Marshes to pay $4,603.33 per month to their trustee, Durham attorney Richard Hutson.
The plan calls for the Marshes to relinquish an office condominium at 120 E. Parrish St. and a vacation timeshare at Hilton Head, S.C. Other debts include medical bills, a student loan and homeowners association dues.
Marsh, son of veteran Durham attorney William A. Marsh Jr., is a Hillside High School and Hampton University graduate who earned his law degree at the UNC-Chapel Hill.
Former Gov. Mike Easley appointed Marsh a District Court judge in 2007, to fill a new position created to relieve overloaded dockets in Durham County.
He was elected to a full four-year term in 2008 and re-elected last November.