No matter how difficult your financial condition, reading the U.S. Bankruptcy Court filing for Twin Cities auto dealer Denny Hecker may make you feel comparatively lucky. Here’s the filing.
Hecker owes millions to banks and automobile makers, as well as hundreds of thousands to Las Vegas casinos and credit card companies.
Hecker has $24,000 in cash in the bank. He’s got
$766,000 $766 million in debts.
Here’s what the filing reveals about the lifestyle of Denny Hecker:
>> He has $35,000 worth of watches, including three 18k gold Rolex watches.
>> His wedding ring is worth $24,000.
>> He has seven snowmobiles, three scooters, and six four-wheelers, two pontoon boats, seven Jet-Skis and a yacht (which has been repossessed).
>> He owns $25,000 worth of clothing.
>> He owns three condos in Two Harbors, a home in Medina, a home in Crosslake, two condos in Bayport, a condo in Plymouth
>> He owes $450,000 in gambling losses at the Mirage, $400,000 at the Bellagio, and $100,000 at the Hard Rock in Las Vegas.
It doesn’t appear that he personally owns a car.