James Sikes, the San Diego runaway Toyota Prius driver, filed for bankruptcy in 2008 and now has over $700,000 in debt. According to one anonymous tipster, we're also told he hasn't been making payments on his Prius. UPDATE!
We received an email earlier today from an anonymous tipster who claims James (Jim) Sikes, the driver of the runaway Toyota Prius, was in financial trouble and even behind by five months on his payments for the Prius. If that's true, it's potential motivation for wanting to find an out — any out — on paying for the vehicle.
We did some public records searches (thanks to the help of Gawker's John Cook) and found Sikes and his wife Patty found themselves, like many in the California real estate business, on the bursting side of the real estate bubble last year. The two declared bankruptcy in June of 2008 and have a combined liability of over $700,000 dollars in debt.
Among the list of creditors holding secured claims is none other than Toyota Financial Services for a lease on a 2008 Toyota Prius with 7,200 miles on the odometer. Total value of the lease at the time of bankruptcy was $20,494.
continues at jalopnik.com
Prius lease is five months overdue
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you make my day. what a joke!
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03/12/2010 postreply
07:39:58