• Derrick Coleman Files For Bankruptcy

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    A former Detroit Piston and local businessman has filed for bankruptcy.

     

    According to financial documents obtained by Local 4, Derrick Coleman has filed for Chapter 7 and has an estimated debt of $2.19.

    Coleman owes between 50 and 99 creditors, including Detroit Mayor Dave Bing, American Express, Comerica, Sprint, Verizon, Hungry Howie’s Pizza and Nike.

     

    Rich Kassa owns XL Autobody and Paint in Warren, and said Coleman owes him money for work he’s done on his cars.

     

    “I know Derrick Coleman well. I’ve done several vehicles for him and some other NBC players,” Kassa said. “It’s just an unfortunate situation.”

     

    Kassa said Coleman brought in a 1957 Buick two years ago, hoping to get it into shape. But that the car is still sitting in his garage because Coleman hasn’t paid the bill.

     

    “He’s given me some money and I’m working it out with his attorneys. I don’t know if they’re going to auction the vehicle, or what,” Kassa said.

     

    Coleman was not available for comment, but his attorney, Mark Berke, issued the following statement: “Due to the state of the economy, including the decline in the real estate market, Mr. Coleman’s investments could not be sustained. Attempts were made to remedy the circumstances. However, Mr. Coleman’s efforts were unsuccessful. Mr. Coleman still has faith in, and is dedicated to, the city of Detroit. We are hopeful that this process will be amicable and cooperative for all parties involved.”

    Coleman also owned the Detroit restaurant Sweet Georgia Brown, which closed last year.

     

    Coleman was born in Alabama but grew up in Detroit and went to college at Syracuse University. He was selected first overall in the 1990 NBA draft by the New Jersey Nets. He played for the Detroit Pistons from 2004-2005. 

    A former Detroit Piston and local businessman has filed for bankruptcy.  

    Coleman owes between 50 and 99 creditors, including Detroit Mayor Dave Bing, American Express, Comerica, Sprint, Verizon, Hungry Howie’s Pizza and Nike.

     

    Rich Kassa owns XL Autobody and Paint in Warren, and said Coleman owes him money for work he’s done on his cars.

     

    “I know Derrick Coleman well. I’ve done several vehicles for him and some other NBC players,” Kassa said. “It’s just an unfortunate situation.”

     

    Kassa said Coleman brought in a 1957 Buick two years ago, hoping to get it into shape. But that the car is still sitting in his garage because Coleman hasn’t paid the bill.

     

    “He’s given me some money and I’m working it out with his attorneys. I don’t know if they’re going to auction the vehicle, or what,” Kassa said.

     

    Coleman also owned the Detroit restaurant Sweet Georgia Brown, which closed last year.

     

    Coleman was born in Alabama but grew up in Detroit and went to college at Syracuse University. He was selected first overall in the 1990 NBA draft by the New Jersey Nets. He played for the Detroit Pistons from 2004-2005.

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