Posted 3/18/2013 12:00 am
The owner of the defunct MDH Builders Inc. of Little Rock is back in the news with more financial troubles.
Earlier this month, Mike Hill agreed that the Internal Revenue Service could slap a $468,815 judgment against him personally.
The amount was for unpaid federal employment taxes owed from MDH Builders. The taxes are owned for parts of 2008 and 2009, according to the government’s lawsuit filed in U.S. District Court in Little Rock.
“Hill willfully failed to pay the company’s withheld federal employment taxes, opting to pay himself and numerous other creditors of MDH,” the lawsuit said.
Hill didn’t return a call for comment about the judgment.
If you recall, Hill filed for Chapter 7 bankruptcy protection in 2011 and listed $6.1 million in debts and only $132,255 in assets.
In June, Hill’s bankruptcy case was closed. The judge wiped out $5.2 million in debt but left in place nearly $1 million worth of claims.
In 2009, Hill told us his financial troubles were tied to MDH’s clients not paying, leaving him with no money to pay his subcontractors.
“The market’s squirrely right now,” Hill said at the time. “The banks are digging in their heels. … We’ve been thrown up against a brick wall. And I’m not a bank. I’m a contractor.”