Bankruptcy Spells Doom for Michael Brown's Companies

Categories: Courts

brownbottles.jpg
Do they serve Cristal in federal prison, or do you have to settle for pruno? [Photo not recent]
Employees of ex-hand surgeon Michael "Reporting to Federal Prison in a Week" Brown's San Antonio businesses have been locked out of their leased spaces, and other Brown-related entities nationally have at least temporarily closed.

Brown's companies went into bankruptcy in Houston this week, months after Brown personally filed for -- and then withdrew -- bankruptcy protection in Miami. The Wall Street Journal is citing court documents stating that all of Brown's companies, except for the Houston office on Dacoma, have shuttered, we haven't been able to find those documents.

Brown Medical Center, which manages Brown's extensive business interests, has "unpaid operating liabilities expected to exceed $1.7 million by the end of the month," according to motions filed by attorneys for trustee Ronald J. Sommers.

The motions also lay out the trustee's intent to liquidate most of the companies and sell the assets to pay creditors, as "no buyer has expressed interest in acquiring the business enterprise or the equity interests in the companies as a going concern."



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3 comments
heathersmith69.hs
heathersmith69.hs

U know u a stupid b***h for writing about shit that ain't any of your business. Some people that get on the Internet is related to him and don't Want to see this. So think about others first... btw this is a family member

Bren Ke
Bren Ke

Thank you for thinking of the innocent people his bankruptcy will hurt. It's really easy to just laugh at something like this, and make fun, and forget about the real people who get hurt.

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