'Troubleshooter' Tom Martino Files For Bankruptcy

The man who calls himself the "Troubleshooter" is in financial trouble himself.

Tom Martino, a consumer reporter who used to work at KDVR Fox 31, has filed for Chapter 7 bankruptcy in Denver.

Martino said in the court filing that the debts are primarily related to his business. He blamed bad commercial real estate debt, the recession and two failed banks for his

financial woes."It is commercial real estate debt, every bit of it. I have no consumer debt," he told the Denver Business Journal.

The filing shows Martino has assets of about $1.37 million and owes $78.6 million.

Martino owns the Troubleshooter Network, a referral list that companies pay Martino to get into.

Under Chapter 7 bankruptcy, assets are sold and creditors are repaid a small fraction of what they’re owed.

Last year, Martino had an income of $2.15 million from three sources -- the Troubleshooter Network, Tom Martino Consulting LLC, and Denver TV station KDVR.

Martino had an hour-long show on Fox 31 called "Martino TV" and a three-hour talk-radio show on 630-KHOW. The TV show has since been canceled.