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Myrtle Beach lawyer says he owes $72.5 million

Nov 1, 2010 9:24:00 PM - thestate.com
Harry Pavilack - the Myrtle Beach lawyer perhaps best-known for his television commercials and billboards urging potential clients to "Call Pavilack Today!" - is $72.5 million in debt and is facing allegations in bankruptcy court that he could be hoarding cash and hiding assets from creditors, court records show.

The allegations were raised in a report last week by George DuRant, a court-appointed examiner from Columbia who said Pavilack has been taking cash out of his corporations, transferring some of his assets to relatives and friends and opening bank accounts in Peru.

Pavilack, 70, initially told The Sun News he would schedule an interview through his lawyer, William McCarthy of Columbia. Pavilack did not schedule the interview and McCarthy did not respond to requests for comment.

DuRant, in his report, said Pavilack has been conducting mainly cash transactions since February "in order to frustrate the collection efforts of a creditor." That creditor is Shaul and Meir Levy, the owners of the Wings beachwear stores, according to court records. The Levys obtained a $2.5 million judgment against Pavilack and others this year over a failed condominium project.

Pavilack - who has refused to say how much cash he has on hand, according to DuRant’s report - handed the examiner three stashes of cash totaling $1.1 million this month after another court-appointed investigator stressed to Pavilack the importance of disclosing assets.

USA, South Carolina: (Latest Stories)