August 05, 2003

Former champ left with only chump change. Tyson declares bankruptcy...

posted by vito90 to boxing at 09:58 AM - 7 comments

Some of his debts include: The Internal Revenue Service, which is owed $13.4 million, and the British tax authorities, which are owed $4 million. The treasuries of Georgia and Michigan, which are owed $317,201 by Tyson's company, Mike Tyson Enterprises. Seven law firms, which are owed more than $600,000 by Tyson and his company. Barry Hankerson, a financial manager, who is owed $500,000. The music producer Jimmy Henchmen (great name!), who is owed $450,000. A former trainer, Stacey McKinley, who has sued Tyson in a Memphis court to repay a debt of $800,000.

posted by vito90 at 10:18 AM on August 05, 2003

Maybe he can bite the ear off the IRS examiner assigned to his case and scare aware that $13.4M.

posted by billsaysthis at 10:57 AM on August 05, 2003

Tyson is a walking disaster, and I feel sorry for him. Everyone is responsible for their own actions, but I think he went insane a long time ago.

posted by dusted at 11:01 AM on August 05, 2003

My house is dirty - buy me a new one... Mike - 3 litle words - Fake. Your. Death.

posted by WeedyMcSmokey at 02:10 PM on August 05, 2003

Isn't he suing Don King? If he isn't, he should be. I hate that guy.

posted by garfield at 02:34 PM on August 05, 2003

Yes he is, garfield - for (/Austin Powers) 100 MILLION dollars

posted by vito90 at 03:31 PM on August 05, 2003

This is ludacrisp. NOT to be confused with supa golden crisp.

posted by lilnemo at 04:07 PM on August 05, 2003

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