Vegas PR exec in bankruptcy

Tuesday, March 12, 2002 | 9:31 a.m.

Thomas W. Puckett, former owner of Thomas Puckett Marketing, Advertising and Public Relations Inc., has filed for liquidation under Chapter 7 in U.S. District Bankruptcy Court in Las Vegas, listing debts of nearly $1.8 million and assets of $2,927.

Puckett, who sold his agency in February 2001 to Hall Communications, filed the bankruptcy petition as an individual in January and listed 95 creditors to whom he owes money, including two personal loans totaling $530,000. The filing lists other debts of $265,395 owed to Forbes magazine -- which sued Puckett for that amount in October in a dispute over advertising -- and a 1999 divorce and property settlement of $480,000 owed to a former wife.

Puckett said he filed personal bankruptcy because he had personally stood behind some of his company's financial obligations, but "unfortunately I also worked with some client companies that did not stand behind theirs, including one big client who filed bankruptcy and that affected me."

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