creditor

The district attorney’s office said in its release that Measures, who was president of KMR, diverted the money to cover business expenses, creditors and personal expenditures.

Transfer-on-death options avoid probate, the court process that otherwise follows death, but creditors can still go after the property that’s been transferred.

Instead, a court-monitored receivership allows an attorney to auction off the company’s assets to repay investors and creditors.

But the proposals had to be approved by the High Court after a group of creditors opposed it, arguing that the 9.75% interest rate on the loan was too costly.

"I borrowed this money, and now creditors are after me," he says.