Pop songer Andy Gibb, whose three older brothers shot to stardom as the Bee Gees, has filed a personal bankruptcy petition that says he has less than $50,000 to his name and more than $1,000,000 in debts.
Miami Herald, September 11, 1987
Miami Pop Singer Andy Gibb Files For Personal BankruptcyA Miami resident who lives in a penthouse apartment atop the Venetia complex overlooking the Biscayne Bay, Gibb filed for Chapter 7 relief on Wednesday under the U.S. Bankruptcy Code. Once a plan of repayment is worked out, the 29-year-old-enterainer will be allowed to keep only $1,000 in personal property and any primary residence that he may own.
"It's my understanding that he has very few assets," said John Kozyak, a Miami bankruptcy attorney hired by Gibb.
Koyzak refused to say anything further, except that most of what Gibb owes are business debts and are not consumer-related.
Neither Gibb nor a Los Angeles attorney familiar with his finacial affairs could be reached for comment.
In his bankruptcy petition, Gibb listed the Los Angeles law firm of Loeb & Loeb as his larget creditor. The firm is owed $30,909.94. An aviation company called Business Jet Airlines is next in line. It is owed$23,353.59.
Other creditors include a New York accounting firm, a Los Angeles limousine service, a Los Angeles public relations firm, an instrument rental company in Hollywood, Calif., the Sun City Resort in South Africa, two medical doctors and a dentist.
Unspecified amounts are owed the Internal Revenue Service and the Dade County Property Apprasier.
Gibb's singing career started in the mid-60's. While his brothers Barry, Maurice and Robin were becoming international stars, Andy was in Australia playing in amateur bands.
A decade later, Andy signed with the Bee Gees manager Robert Stigwood, whose New York based RSO Records, Inc., recorded his first album under brother's Barry's supervision. Both Stigwood and RSO are listed under Andy Gibb's creditors.
Gibb's status soared on the strength of such hits as I Just Want to be your Everything and Shadow Dancing, which solidified his success among teeny-bopper listeners.
Between 1981 and 1982, Gibb was the host of Solid Gold, a syndicated television music show.
Since moving to Miami from Los Angeles, Gibb has appeared in various charity events around South FLorida, participating in pro-celebrity tennis matches in Miami and Fort Lauderdale.
Although he has continued to cut records, they have failed to generate much response.
