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Black Eyed Peas former biz manager files for bankruptcy

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36733 full

Let's get it started in here. Provided "it" is a bankruptcy filing, and "here" is a Los Angeles courtroom.

The Black Eyed Peas former business manager Sean Larkin -- with assets estimated at less than $500,000, $1 million due in back taxes, and owing on a Sherman Oaks condo and minivan -- has filed for bankruptcy in LA.

"In a petition Sunday seeking Chapter 7 protection in the U.S. Bankruptcy Court in Los Angeles, a lawyer for Sean Larkin estimated his debts at between $500,000 and $1 million," reports the L.A. Times.

The group ended its relationship with Larkin after discovering that the 41-year-old had not filed the band's federal income-tax returns for years. He is being sued by one band member and by a television executive.

In the lawsuits, he is accused of hiding IRS letters demanding payment. Larkin acknowledged that he failed to file the returns in a deposition in the executive’s case saying he was "overwhelmed" by Black Eyed Peas-related work.

Larkin should be a multimillionaire, based on the five percent cut he received from of the band's income, however court documents in the bankruptcy filing indicate otherwise.


Lisa Brenner can be reached via Twitter @lisa_brenner

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