Last week Tom Hazelrigg filed his bankruptcy schedules. Here is TEP’s analysis:
First, there is one ginormous blanket lien, held by SamE Investments (Sammy Lee) for $7,000,000, securing all personal property. Will SamE Investments to Tom Hazelrigg III, be as Harry Dorrsers was to Mike Mastro? We’ll see if SamE fares better than Dorrsers did.
Second, it looks like there was a transfer of $7,000,000 worth of Chihuly art to Dan Kirby within 90 days of the bankruptcy. Is this linked to the SamE debt?
Third, TRIII claims $1,400 per month of income, and almost the same in expenses.
Fourth, it looks like Dan Chun (or affiliate) is owed money by Hazelrigg or a Hazelrigg entity – maybe that’s why Dan is enjoying residence at Lincoln Tower penthouse, unit #3905, which is currently vested in TRH Lenders, but about to be foreclosed. We may go back and read Dan Chun’s declaration, and think more about this.
Fifth, absolutely no account numbers are given – anywhere, under the auspices of the Fifth Amendment. Hazelrigg probably does not want to make it easy for the US Trustee (or the Department of Justice) to piece together his transactions. He also includes a disclaimer stating that any errors are inadvertent. Should he be charged with bankruptcy fraud down the road – something we hear may happen to Mike Mastro – this disclaimer may help him claim the “I forgot or didn’t know” defense.
Sixth, TRIII owes Seattle law firm McKay Chadwell $113,000… but that is the only law firm he claims is a creditor. We thought he’d owe more firms given how many different firms represented him.
Finally, remember, this is Tom Hazelrigg’s bankruptcy schedules, not the schedules of any of his entities. So, Tom may have an interest in XYZ company, which in turn owns valuable assets, and Tom may simply disclose his interest in the company, without accounting for the assets the company owns.
However difficult Rigby’s job was on the Mastro bankruptcy, we think figuring out Hazelrigg’s reindeer games will be more complex.