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Thursday, April 22, 2010

Former Piston Rick Mahorn files for bankruptcy

DETROIT (AP) — Former Detroit Pistons star Rick Mahorn and his wife have filed for Chapter 7 bankruptcy following failed investments, a drop in value of a home they bought and efforts to repay an IRS debt.

The case filed Dec. 8 is pending in U.S. Bankruptcy Court in Detroit.

Mahorn was a member of the Pistons’ 1989 championship team from the “Bad Boys” era and coached the WNBA’s Detroit Shock before the team relocated to Tulsa, Okla. He’s currently a Pistons radio announcer.

The 51-year-old Mahorn told The Detroit News for a story Thursday he’s trying to find more work.

Public records show that since 2006 the IRS has filed liens for almost $214,000 in delinquent taxes against Mahorn.

Mahorn’s lawyer Scott Zochowski said the tax debt has been repaid.

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