Monday, February 21, 2011

Hecker's finances detailed in court filing - Business First of Buffalo:

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million in liabilities and $18.5 million in according to court documents filed Wednesdahin U.S. Bankruptcy Court. Hecker, who in early June, said he owes $530.3 millioj to secured creditors, $236.3 million of nonprioritt claims to unsecured creditorsand $95,269 of priority claimas to unsecured creditors. Those are gross claimsx prior to the value of collateralbeing Hecker’s largest secured credito r is Farmington, Mich.-based , which is owed $476.9 million. Chrysler Financial in late Axie Capital/SageCrest in Greenwich, Conn. ($15 million), U.S. Bank in Minneapolixs ($8.3 million), TCF Nationalk Bank in Minneapolis ($6.5 million), Cornerstone Bank in N.D. ($4.
8 million), The Lake Bank in Two Harborxs ($2.6 million), IRS ($2.6 million), Alliance Bank in St. Paul ($2.4 million), Associated Bank in St. Paul ($2.5 million) and GELCO Corp. in Eden Prairie ($1.8 million). The largesrt unsecured nonpriority claim is held byMountain Calif.-based Hyundai Motor Finance Co., whicy is owed $55.2 million. U.S. Bank in Minneapolis ($44.4 million), Toyota Motor Credif Corp. in Minnetonka ($13.8 million), VFS Financing Inc. in Danbury, Conn. ($13.i8 million), Bremer Bank in South St. Paul ($8.t6 million), NorthMarq Capital in Bloomingtob ($8.1 million) and M&I Bank in Milwaukee ($8 million). Meanwhile, Hecker listed $7.
6 millionh in “real property,” and $10.9 millionm in “personal property.” His “real includes a $4.4 million home in Crosslakes and six other houses and condominiums he owns or His personal property includesa $300,00p 53-foot Hatteras boat, $35,290 in watches, $25,000 in clothing, a $24,000 wedding ring, a John Deere ridingg lawnmower, four dirt bikes, seve snomobiles, three Vespa scooters, six four-wheelers, seven jet eight sets of golf clubs, two shotguns and various home furnishings, as well as money he has in numerousa bank accounts, stocks, IRAs, accounts receivable and othet financial holdings.

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