Danny Trejo is filing for bankruptcy — but it’s not since the man is broke or anything … he’s simply got a bothersome expense with the internal revenue service that would best be fixed in this manner.
The famous star informs TMZ … he’s filing Tuesday for Chapter 11 bankruptcy, which primarily has to make with rearranging his properties to assistance handle this debt he owes Uncle Sam — which he states has to do with $2 million in taxes.
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Part of the factor he fell under this hole … Danny states he was wrongly declaring reductions throughout the years that overtook him. He even jokingly informs us he now understands that pet grooming isn’t a legitimate expenditure you can cross out. 😅
A fast note — while Danny is personally filing for bankruptcy, his lots of services — including his record label, his coffee/donut stores and, of course, his renowned Trejo’s Tacos — are doing simply great … and aren’t impacted by this.
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Those business are owned by corporations and LLCs he’s produced to run them, and we have actually been guaranteed his own monetary concerns are not a reflection of how those are producing. On the contrary, all signs recommend Danny’s doing swimmingly in the free enterprise.
As for when he anticipates to put this entire mess behind him, Danny informs us he anticipates to be completely debt-free by at some point next year … which this is simply a method to an end.