Creditors aren’t laughing at insult comic’s bankruptcy filing

Vinnie Favorito is putting you down for Uncle Sam now. But everyone else may be out of luck.

The insult comic will continue to work off a tax debt in his new job at the Westgate Las Vegas, in the tradition of Willie Nelson and other entertainers whose IRS woes made headlines.

But there’s no punch line for the as many as 99 creditors who received notice of Favorito’s bankruptcy filing Sept. 7.

The comedian filed a Chapter 7, claiming he has less than $50,000 in assets and owes $1 million to $10 million (a wide range indeed, but it’s one of the brackets to check on the U.S. Bankruptcy Court’s filing form).

“The filing stops everything in its tracks, and a discharge would end everything,” says Peter Dubowsky, a Las Vegas attorney who had successfully garnished Favorito’s wages on behalf of his client Ed Bernstein, a high-profile personal injury attorney.

Bernstein was among those who made personal loans to the comedian, who was evicted from the Flamingo last year after a cocktail server complained he was trying to borrow money from patrons and other staffers.

However, Favorito was soon back in business on the Strip and apparently behaving himself. The general manager of Hooters Casino said he was sorry to lose him to Red Mercury Entertainment, the producers who moved him into the cabaret they lease at the Westgate.

It was Red Mercury who paid for the $2,913 bankruptcy filing. A smart investment, Dubowsky says. “For the price of the attorney’s fees, this goes away, which means they don’t have to process any garnishments or deal with his creditors.”

Almost 60 names of creditors to be notified were attached to the filing, ranging from Emmanuel Lewis — yes, the guy who played Webster, based on an address matching Emmanuel Lewis Entertainment Enterprises — to local medical facilities, collection agencies and even Rapid Cash in Wichita, Kansas.

However, none of those notified were asked to prove their claims. “At this point they don’t even care who he owes money to. That’s how bad it is for creditors,” says Dubowsky, who specializes in the collections field.

Unless the bankruptcy court trustee can uncover hidden assets, Favorito will have no one left to answer to except the IRS. “You don’t just file bankruptcy and get rid of the IRS,” Dubowsky says. …

When a rich new investor told her “I don’t do partners,” Nannette Barbera wasn’t exactly crushed.

The producer was happy to concentrate on the content of her new Motown tribute, “Solid Gold Soul,” and let someone else wield the checkbook after her last two Las Vegas ventures closed amid cash-flow issues and disputes with partners and venues.

The 2013 demise of “iCandy The Show” was so devastating that Barbera bid a Facebook goodbye to “50 years of a fabulous career in entertainment.” She says Las Vegas producer John Stuart still owes her $67,000 for that one. And “Celebrity Idols” closed in late 2014 before anyone knew it was open.

But Marc Paskin liked “iCandy,” and it turned out he is a big Motown fan. The colorful California real estate entrepreneur was on the reality shows “Secret Millionaire” and “Uncle Kokua,” advertised for a “Latina girlfriend” on a billboard, and bought a radio station in Colorado to rebrand with a marijuana theme for all the state’s legal stoners.

Paskin and Barbera got their Motown tribute up and running at the Nugget in Sparks for six weeks in the summer of 2015. Vegas was next, Barbera says, until Paskin suffered a paralyzing stroke.

He put all his focus into his recovery (turning the radio station over to iHeart Media) and got back on his feet to walk with a cane. But the show went on hold for a year.

That’s just as well, Barbera says now. The tributes to the likes of Smokey Robinson, the Supremes and the Four Tops opened last week as a tenant in Bally’s Windows Showroom. The 300-seater is “a room that makes sense,” Barbera says. “I want the show to flourish and have some stability and really make a brand.” …

This weekend’s Route 91 Harvest festival brings to mind the like-minded Party for a Cause, which put up three nights of big-name headliners in conjunction with the Academy of Country Music awards last March.

However, the Academy’s longtime president, Bob Romeo, resigned without explanation soon after this year’s awards.

Brian O’Connell, the Live Nation promoter who helms Route 91, also sits on the Academy’s board. “I don’t know what’s going to happen at this point going forward,” he said of Party for a Cause, a benefit for ACM Lifting Lives. The umbrella foundation channels money to several organizations, most of them related to the military and veterans.

Neither the Academy nor MGM Resorts International could confirm this week whether the party will return to festival grounds at Las Vegas Boulevard and Sahara Avenue. The Academy’s spokeswoman said it will happen somewhere, but officials were still confirming dates, ticket and venue information for both the televised awards and the party.

Time will tell if the Academy will continue to pursue Romeo’s vision of growing the party into “a major festival that can become a big citywide event,” as he noted last year.

Carrie Underwood, Dierks Bentley and Kenny Chesney headlined last year. They were paid, Romeo said, but a lot of them “cut us some pretty good deals because it’s for charity. Especially for the newer acts, the payment helps to cover the travel out to Las Vegas,” Romeo explained then.

Read more from Mike Weatherford at reviewjournal.com. Contact him at mweatherford@reviewjournal.com and follow @Mikeweatherford on Twitter.

ad-high_impact_4
Entertainment
Artists from Cirque du Soleil contribute art to Las Vegas art exhibit
Artists from Cirque du Soleil contribute art to Las Vegas gallery exhibit
Red Plate on the Las Vegas Strip serves a cocktail made with blooming jasmine tea
Red Plate on the Las Vegas Strip serves a cocktail made with jasmine tea
Benny the Ice Skating Dog
Benny is a Las Vegas Labrador who was rescued by former pro skater Cheryl Del Sanyo, and trained to ice skate. (Mat Luschek/Las Vegas Review-Journal)
The Nevada State Museum
The Nevada State Museum of Las Vegas, located at the Springs Preserve, covers all eras of the state, from prehistoric to today.
Throw a better dinner party
Cash appears at Baseball Winter Meetings
Lights FC mascot Cash plays the electronic drums at the EZ Inflatables’ booth on Tuesday at the Baseball Winter Meetings trade show at Mandalay Bay Resort and Casino.
5 albums to soundtrack your holiday gatherings in style
1. Various Artists, “Holidays Rule," with Rufus Wainwright, The Shins, Calexico and more. 2. Various Artists, “We Wish You a Metal Xmas and a Headbanging New Year," with Lemmy Kilmister, Alice Cooper, Chuck Billy and others. 3. Various Artists, “Christmas on Death Row," featuring Snoop Dogg and Nate Dogg to name but a few. 4. Bright Eyes, “A Christmas Album.” 5. Various Artists, "The Motown Christmas Album." (Jason Bracelin/Las Vegas Review-Journal)
Inside the kitchen at Springs Preserve
The staff of Divine Events do party preparation in the kitchen at Divine Cafe at Springs Preserve. With nine parties the following day, this is a particularly busy time for the crew. (Heidi Knapp Rinella/Las Vegas Review-Journal)
WinterFest
WinterFest in Henderson.
Miss Rodeo America Fashion Show
The 28 women contestants of Miss Rodeo America compete in a fashion show at the Tropicana on Dec. 7, 2018.
Tournament Of Kings Holiday Show
Wizards and warriors are ready for the holidays at Excalibur's Tournament of Kings Holiday Dinner Show.
Take a dive with the Silverton mermaids
A visit to the Silverton Casino Hotel is not complete without taking in the popular, and very unique, mermaid show.
Cowboys and western aficionados can buy virtually anything at Cowboy Christmas
Vegas Golden Knights Christmas Display
In the Las Vegas Valley, the chances of getting a white Christmas are slim. But this year, you can have a “Knight” Christmas. A Henderson resident has a Christmas lights display that is synchronized to the entrance music for the Golden Knights. GG Misa’s Knights light show is played every 30 minutes from 5 to 10 nightly. His light show consists of two songs: Mariah Carey’s “All I Want for Christmas Is You” and the entrance music, “Le Castle Vania,” from the movie “John Wick.” The display is located at 730 Bollons Island St. (Richard Brian/Las Vegas Reivew-Journal)
Holiday Hooch At El Cortez is Just in Time For Repeal Day And Christmas
Holiday Hooch At El Cortez Is Just In Time For Repeal Day And Christmas. Janna Karel/Las Vegas Review-Journal
TV's LGBT superheroes
Green Valley Ranch's Winter's Village
The Mob Museum
Best Friend Menu Reveal Wednesday
Chef Roy Choi tells us what to expect from Wednesday’s Facebook Live Menu Reveal for his new Park MGM restaurant Best Friend. (Al Mancini/Las Vegas Review-Journal)
Quick Chat With Criss Angel
James D. Gish and Susan Anton rehearse
Susan Anton will be special guest at James D. Gish’s holiday concerts Dec. 7 at Summerlin Library and Dec. 9 at Clark County Library. (John Przybys/Las Vegas Review-Journal)
Bellagio Winter Wonderland
"Majestic Holiday Magic" at the Bellagio Conservatory.
Underwater Santa At The Silverton
Santa takes a dive Sunday, December 2, at the Silverton Casino Hotel. (Mat Luschek / Review-Journal)
Cowabunga Bay Christmas Town
Las Vegas Natural History Museum
Las Vegas Natural History Museum, which opened in 1991, has exhibits of mechanical dinosaurs and taxidermied animals, along with live snakes, fish and sharks. (Mat Luschek/Las Vegas Review-Journal)
Magical Forest Lights
Cirque Du Soleil Performers Team Up For New Show "Kinekt"
Through dance, acrobatics and aerial arts, “Kinekt” tells a story all too familiar to modern families: how to maintain a human connection in the digital age. (Janna Karel Las Vegas Review-Journal)
Ethel M Holiday Cactus Garden
The Pinball Hall of Fame in Las Vegas
The Pinball Hall of Fame was created by Tim Arnold and opened in 2006. (Mat Luschek/Las Vegas Review-Journal)
Jump! The Ultimate Dog Show at Springs Preserve in Las Vegas
Trainer Lou “Mack” McCammon guides several rescue dogs through a series of tricks and jumps two shows a day weekends through December at the Springs Preserve in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like