Friday June 19,2015 : POKER PRO DECLARES BANKRUPTCY FOR SECOND TIME IN THREE YEARS
He may have made millions as an outstanding professional poker player, but Erick Lindgren in is trouble financially.
The Bloomberg business news agency reported Thursday that high profile professional poker player Erick Lindgren, a man who has earned millions in international tournaments, has filed for bankruptcy protection for the second time in three years.
Pokerstars is among those pursuing Lindgren, claiming that he failed to return a $2 million payment erroneously deposited into his account by its Full Tilt Poker unit.
The online poker provider also alleged in Nevada court filings in January this year that Lindgren failed to repay a $531,807 loan, and in March the company asked the court to enter a judgment against Lindgren for $2.5 million.
In Chapter 11 documents filed with the court on Tuesday this week, Lindgren reportedly listed assets of less than $50,000.
Creditors without collateral backing their claims are reportedly owed more than $8 million.
Bloomberg reports that Lindgren’s previous 2012 bankruptcy was closed without clearing up his debts, and at the time, he owed the Internal Revenue Service $3.8 million.