Tag Archives: Hazelrigg Bankruptcy

Bingo! (sues Hazelrigg)

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Bingo Investments, run by the Bingham family (who are married into the Fisher family) (read this article for background) are suing Tom Hazelrigg III, asking the Court to deny Hazelrigg a discharge of his debt.  The alleged basis for the nondischarge complaint is fraud and selling unregistered securities.  They claim that Hazelrigg and his associate, Scott Switzer, duped David Bingham, and the elderly Fran Graham into various real estate finance deals.  We wonder whether David Bingham or Mrs. Graham had a lawyer when all these “investments” were made, and if Mrs. Graham is elderly, was anyone looking out for her interests?

One of the allegations is that Switzer and Hazelrigg told Bingham the “investments” would save Mrs. Graham on estate taxes.  We’re not sure how that would have worked as an estate planning device… Fractional interest discounts maybe?

The discharge complaint is probably a “better safe than sorry” move by the Binghams.  With Hazelrigg having pleaded the Fifth, and refused to disclose basic information – like bank account numbers – it seems like the US Trustee will likely ask for a general denial of discharge on that basis.

Hazelrigg III submits amended Bankruptcy Schedules

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It sounds like Tom ran into some more information, and is amending the schedules he had previously submitted.  We have not reviewed them too closely.  They show about $149 million in debt; $1,400 in monthly income, and come with a disclaimer on top that says there are errors, and they are unintentional.  We don’t understand.

Update: Court Lifts Stay, Allows Foreclosure on Unit 3905

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The Bankruptcy Court lifted the automatic stay, allowing JP Morgan to proceed with a foreclosure on Lincoln Towern (Bellevue), unit 3905.  It is vested in a Tom Hazelrigg entity, TRH Lenders – at least for now.

Unit 4102 (shown at left), was a similar condo that was owned by a different Hazelrigg entity, and has already been foreclosed.  It was then listed for sale, sans the Chihuly, shown at left.  Was this Kirby’s Chihuly?

We wonder what will happen to unit 3905 when it is foreclosed, and where will Dan Chun live when that happens?  Will he have breach of lease damages against Hazelrigg or TRH?

Hazelrigg files Bankruptcy Schedules

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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?

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Hazelrigg objects to GE’s Bankruptcy Stay Motion

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The building that houses the penthouse, that houses Hazelrigg, allegedly, was foreclosed by GE Credit Equities.  We wrote about it here.

Here is Hazelrigg’s response, relying on his alleged landlord, and “associate,” Daniel Kirby, who claims he – Kirby - was supposed to be served with notice of the foreclosure, but never was.  Was his lease recorded?  How would the trustee know to serve Kirby if it wasn’t recorded?  Hmmm…  lots of people who associate with Hazelrigg seem to not get served alot.  Seems like a lot of reindeer games at TRIII’s house!  Just sayin’.