Your tip

EXCLUSIVE: That 70's Show Star Danny Masterson's Company Files For Bankruptcy


May 28 2018, Updated 10:20 a.m. ET

Link to FacebookShare to XShare to Email
Getting your Trinity Audio player ready...

That 70’s Show star Danny Masterson is in financial ruin. has learned that his company, Bellalily LLC – a Nevada based limited liability company – filed for bankruptcy last month.

DOCUMENTS: Read The Bankruptcy Papers Here

“There is a legitimate dispute here,” the company’s attorney, Darvy M. Cohan told exclusively. “As I see it, it is not all my client’s fault and the matter will be litigated.”

Article continues below advertisement

The bankruptcy stems from a lawsuit filed against Masterson in March by TomatoBank to the tune of $2.9 million.

DOCUMENTS: Read The Masterson Court Papers

“Bellalily is a real property developer that is building a six unit apartment complex in Toluca Lake California intended to be turned into condominiums,” Cohan explained. “It had to file bankruptcy because it had a falling out with its major lender.”

Breaking News

As previously reported, Masterson borrowed $3.2 million from TomatoBank in 2007 and after several extensions on payment, the bank eventually sued for $2,807,531 as well as accrued interest of $58,314 and delinquent property taxes summing $45,723.

“It is our intent to finish the project,” Cohan concluded. “We’re in bankruptcy to reorganize and ultimately finish the project and sell it and pay creditors where creditors are due.”



More From Radar Online

    Opt-out of personalized ads

    © Copyright 2024 RADAR ONLINE™️. A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC. RADAR ONLINE is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.