Steve Wyrick Files for Chapter 7

In Las Vegas, it is reported that famous magician Steve Wyrick has filed for Chapter 7 bankruptcy.  The filing took place this past Monday and Wyrick listed assets of $93,157 against liabilities of just over $54 million.

On December 10, 2009, the magician's show closed at the Planet Hollywood resort on the Las Vegas strip.  According to Wyrick, the show had to end because of the financial troubles he was facing. 

In his bankruptcy filing, Wyrick said that he did not own any real estate.  However, he does have assets, one being a 2007 Porsche Carrera valued at over $44,000.  He also has over $35,000 worth of magician equipment in his possession.  He listed several investors as his creditors.

Wyrick lists his occupation as self-employed and claims that his monthly income is currently $5,500 from loans and gifts given to him by his own mother.  In 2008, his monthly income was at $130,000 per year.

If you are thinking about filing for Chapter 7 in San Antonio, now is the time to speak with a San Antonio bankruptcy lawyer that can help you with your paperwork, advise you of your rights and help you complete the bankruptcy process in minimal time.  Contact the Malaise Law Firm to learn how we can protect your assets and look out for your best interests.