Tom Martino files for Chapter 7 bankruptcy

by DeLadurantey Law Office, LLC on September 27, 2011

“Troubleshooter” Tom Martino filed for Chapter 7 bankruptcy at the U.S. Bankruptcy Court in Denver.  Martino is a media personality based in Denver who offers consumer-advocacy and real estate advice.

According to the Chapter 7 filing, Martino has $1.37 million in assets and $78.6 million in debts.  Martino says all of his debt is completely real estate debt and that he has no consumer debt.

Additionally, the filing lists 47 creditors.  Most creditors are failed banks from which Martino had taken out loans.  He says, “There are so many people in this same boat.  You’ve got millions of dollars in lost value and all of a sudden you can’t refinance your loans and you are just upside down.”

If you are considering filing for Chapter 7 bankruptcy in Milwaukee, contact the Milwaukee Chapter 7 bankruptcy attorneys of DeLadurantey Law Office, LLC at 414-377-0518 today.

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