Bankruptcy attorney Mark Wahlberg, who once was a top-ranked player in poker, is now the target of an anti-bankruptcy campaign after he filed for bankruptcy.
In a Facebook post, he said he had decided to stop paying the bills, but the bank said it would not extend his bankruptcy protections because he was a creditor of a different lender.
It’s a huge blow to Wahl, who has made millions in the poker world.
Bankruptcies are notoriously difficult to fight.
And they often take years to get through the court system.
But a few dozen former Wall Streeters filed a class-action lawsuit against the banks last year, arguing that their bankruptcy protection was violated.
Wahlberg is one of them.
In the latest twist, the American Bankers Association (ABA) has filed a lawsuit against him for filing for bankruptcy in 2013 and again in 2016.
It accuses Wahl of “reckless” conduct, which could be defined as having a “recklessness” that is “unlikely to result in an eventual repayment” of a debt owed to him.
“In other words, a bankruptcy filing is the equivalent of an abusive divorce,” ABA CEO Mark Rozelle said in a statement.
Wahl’s lawyer, Peter Fagre, said he was unaware of the lawsuit until after it was filed.
“It was not the intention of our firm to make any comments on Mr Wahl’s bankruptcy case until after the suit has been filed,” he said.
“We’re not going to comment further on it until after we’ve reviewed the case and if we’re allowed to do so.”
Fagre said the ABA was “very confident” that the case would go to trial.
Wahls lawyers, who have not responded to requests for comment, did not respond to a request for comment.
A bankruptcy lawyer says he’s being targeted for being a debtor in bankruptcy.