Updated: 07/03/2009 12:24 AM KSTP.com | Print Story

Court Documents Show Hecker Owes $766M

MINNEAPOLIS (AP) - New filings in bankruptcy court show auto magnate Denny Hecker owes more than $766 million to a variety of creditors.

The documents were filed late Wednesday in Hecker's personal bankruptcy case. They show Hecker owes millions to banks and automobile makers, as well as hundreds of thousands to Las Vegas casinos and credit card companies. There's nearly $200,000 owed on a Neiman-Marcus card.

Hecker lists $18 million in assets, including $35,000 worth of watches, $5,000 worth of golf clubs and a $300,000 yacht in foreclosure.

The documents also outline the business enterprises Hecker ran, including everything from local restaurants to auto dealerships. Hecker was one of Minnesota's largest car dealers, but with the economic downturn he has shuttered or sold nearly all of his dealerships.

Information from: St. Paul Pioneer Press, http://www.twincities.com

(Copyright 2009 by The Associated Press. All Rights Reserved.)