Saturday, October 12, 2002

What's the Buzz?

Erpenbeck's a traveling man

Bill Erpenbeck — in Cuba?

So claims the lawyer appointed to represent creditors in Mr. Erpenbeck's bankruptcy case. According to an affidavit filed Friday by Michael Baker in U.S. Bankruptcy Court, the Crestview Hills builder is known to have paid a recent visit to the Communist island, which does not have diplomatic relations with the United States.

Mr. Baker doesn't say what Mr. Erpenbeck was doing in Cuba, but the court-appointed trustee is concerned that Mr. Erpenbeck is squandering money that belongs to creditors of his collapsed home-building empire. He asserts that Mr. Erpenbeck was “carousing” in a Key West bar sometime in the last two months. He said he believes Mr. Erpenbeck has also made several trips to the Cayman Islands, one of the builder's favorite destinations.

In the legal filing Friday, Mr. Baker asks U.S. Bankruptcy Court Judge William Howard for the keys to Mr. Erpenbeck's $1.7 million mansion in the Summit Lakes subdivision in Lakeside Park. He also seeks a full disclosure of assets and an order placing Mr. Erpenbeck's spending under the court's control.

— James McNair

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