Posted on 02/20/2010 5:44:46 AM PST by Brandonmark
SARASOTA - Dick Smothers may be renowned for his humor, but there is nothing funny about his current financial situation.
The 71-year-old comedic actor filed for Chapter 11 bankruptcy protection in Tampa earlier this month, listing $2 million in assets and $2.8 million in debts on homes he and his ex-wife, Denby Smothers, own on Bird Key and Golden Gate Point.
Smothers is the younger brother in a two-man comedy team. The brothers hosted the "Smothers Brothers Comedy Hour" on CBS in the 1960s, and still perform together in concert halls across the country.
Dick Smothers could not be reached for comment. His bankruptcy attorney, John Cole, said he is on the road.
"Like a lot of people, he got tied up in property that went south," Cole said.
Court records show that Smothers and his ex-wife, a luxury real estate agent with Michael Saunders & Co., borrowed heavily against their two homes during the boom years. But Denby Smothers said there is no reason why her ex-husband should have stopped making interest payments.
"Dick still works and has money to pay his mortgages," she said. "He just chooses not to."
An income statement included in his bankruptcy filing shows that Smothers made $45,300 per month from performances he and his brother have given across the country.
A look at the Smothers Brothers Web site shows that they are booked for 21 concerts this year from Escondido, Calif., to Chatauqua, N.Y., and are to appear in Plant City on March 12.
But a second income statement included in the court filing projects that Smothers will make only about $7,400 per month going forward.
The larger number of $45,300 represents the past and the smaller number represents the future, Cole said.
(Excerpt) Read more at heraldtribune.com ...
Wasn’t he some kind of “Yo-Yo boy?”
Which of the two brothers berated a fellow actor for daring to be a conservative?
TYPICAL DEMOCRAT....has the money to pay but refuses to do so!! TYPICAL!
...I remember him well in the late 60s during VietNam...he was always a smartass...thought he was so clever cracking wise about the war when Americans were dying...I’m glad he’s in the toilet now.
Ex-wife co-owns his properties. He would have more incentive to not go bankrupt if he was still married. The love is gone and only the payments (ball and chain) are left
My analysis is Dick Smothers is underwater on a house that he only half owns anyway. So he figures walk away from it all rather than throw good money after bad
He will emerge with his credit ruined but he prefers it that way
“Mom always liked you best!”
LOL!
I consider it a bad sign that either or both of these liberal idiots can even find work doing what they do. If it was hammering nails or plumbing, I wouldn’t have a problem, but the fact that there are still people willing to listen to “boys” running their mouths, and running down the country, is not a good sign.
Weren’t one or both of the Smothers Brothers members of the Communist Party U.S.A.?
BTW, their father was a U.S. Marine officer who survived the Bataan Death March. Tommy and Dickie’s radical views must have broken his heart.
“Filthy capitalist dollars!!? I thought progressives never touch the stuff!”
“But a second income statement included in the court filing projects that Smothers will make only about $7,400 per month going forward”
I couldn’t live like that. Poor old liberal
moral to the story: do not enter into a contract with a Democrat.
Funny how this renowned anti-capitalist sure knows how to game the system.
Here's a story from todays Orlando Sentinel
http://www.orlandosentinel.com/business/os-orlando-home-sales-022010-20100219,0,3883684.story
But the Orlando Regional Realtors Association also reported that the median price of the area's existing-home sales fell 14 percent in January from the month before — the biggest such drop in at least 15 years.
The culprit: bank repossessions and short sales, which made up 73 percent of all resales last month in the core Orlando market. As a result, the median price was only $103,000 in January — down from $120,000 in December and $264,436 at the market's peak in July 2007.
Tommy Smothers is a schmuck. He has a long record of being close to violence with those he felt were not “forward thinking” enough. Just ask Bill Cosby.
YES.
Yeah, I remember that - Smothers essentially baited Cosby into swinging at him, then acted surprised when Bill decked him.
Smothers loves to criticize any performer who isn't a loud-mouthed opponent of "the establishment". He derided Dennis Miller for veering away from the liberal path. I'll bet Dennis will have some fun with this bankruptcy news.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.