Love the One You Whiff: A Federal Case Involving Two Sets of Golf Clubs and a Winged Foot Membership (BrokeAndBroker.com Blog)
Bill Singer
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Bill Singer
A critic of the inept and incompetent, and an advocate for economic and political sanity. It's a lonely journey but I walk it. Wall Street legal, regulatory, and compliance veteran since 1982.
Love the One You Whiff: A Federal Case Involving Two Sets of Golf Clubs and a Winged Foot Membership?(BrokeAndBroker.com Blog)
https://www.brokeandbroker.com/6565/albertsson-golf-bankruptcy/
Today's featured lawsuit is about a guy who almost made it onto the PGA tour, but then wound up playing through at Merrill Lynch, Lehman Brothers, UBS; and, among the divots in his life was an $850,000 debt owed to UBS and a $1 million debt owed to a family office. Upon filing for Chapter 7 in April 2019, our golfer apparently failed to schedule on his petition two sets of golf clubs and his Winged Foot Golf Club membership. Ah yes, the stuff of federal lawsuits!