« | Home | »

The Bachelor: Aaron Buerge Bankrupt But Not Broke

February 23, 2011 07:59 AM by Christine McDow

Former bachelor, Aaron Buerge, recently filed for bankruptcy but he wants to make sure everyone knows he is not broke!  Why then, did he file for bankruptcy?  Keep reading to find out what this guy is up to.

After staring in season two of The Bachelor, Aaron Buerge ended things with this fiance Helene Eksterowicz and later married Angye McIntosh.  The couple have an 18 month old daughter and while their home life is great, Aaron’s business life is not too good.

According to Aaron who owns his own restaurant in Springfield, MO named Trolley’s Downtown Bar & Grille, the bank that owned the loan on his restaurant shut down and another institution bought it out.  That new institution did not want to honor the terms of the original loan, demanding that Aaron pay it off faster and then threatened to come after some personal assets that he had.  Is that even legal?

He swears that having to file bankruptcy has no indication on his current financial health, and was just a business decision. “I’m not broke,” he says. “I’m not in financial distress — nothing like that. Otherwise, I wouldn’t be paying everybody.”

According to records Aaron Buerge has $2.3 million dollars in assets and is $9.3 million in debt. He claims that fighting the lawsuit at this time in his life is not worth it. “I’m more focused on my family than on continuing to pay to fight the lawsuit for who-knows-how-long,” he says. “I’m a family guy now. That kind of changes a guy’s priorities in life.”

What do you think? Is there more to the story? Comment below and let us know!

Topics: ABC Reality TV Shows, The Bachelor |

« | Home | »

recommended for you


4 Comments »

4 Responses to “The Bachelor: Aaron Buerge Bankrupt But Not Broke”

  1. steve b Says:
    February 23rd, 2011 at 9:05 am

    Ya right! A person does not file BK if you have the funds or the credit to pay your debts. I feel sorry for you but dont believe your bs.

  2. toni Says:
    February 23rd, 2011 at 5:23 pm

    He probably has money…..he just doesnt want to pay his debt. its easy to file bankruptcy…..regardless of the income or assets you have. Its just easy way to void paying your debt.

  3. Katie H Says:
    February 24th, 2011 at 10:33 am

    Give him the benefit of the doubt. After what’s happened the last couple years in this country with the banks, you don’t think they’d try and change the terms. It’s hard to fight BIG business and he is a small-town business man like so many others. Give him a break.

  4. george loan Says:
    March 5th, 2011 at 8:21 am

    So the one who benefited from the help of those who trusted him will be allowed to screw them by evading and avoiding the re-payment of borrowed moneys ? Is this a new Amarican Way ?

    What about those who get screwed , why not write a story about the poor trusted souls, who may, (will) have to suffer because of these pompus “celebrities”. If you have 2 million Plus but 8 million Minus, you are still 8 million in the hole. Declare bancrupcy, but make sure you declare and give assets to all your creditors. Only then start and rebuild your life.

Comments



SheKnows Entertainment