NORTHBOROUGH, Mass. — Northborough Selectmen Chairperson William Pantazis filed for Chapter 7 bankruptcy on Nov. 14, listing more than $800,000 in debt, court documents show.
Pantazis is serving his fourth term as a selectmen.
According to documents filed in the U.S. Bankruptcy Court in Worcester, Pantazis lists a monthly income of $2,166.67 and monthly expenses of $3,936. In addition, Pantazis lists $7,131 in assets, including a 2002 Ford Explorer worth $3,311.
Included in the $825,905 of debt, Pantazis owes a $303,789 mortgage on his home on 10 Mulberry Lane, Northborough. He also owes $215,000 to his mother, Nancy Pantazis, and his sister, Ann Fidrych, following a 2008 lawsuit that was decided in their favor. Court records show that Pantazis withdrew $185,182.54 from his mother's checking account over a four-year period from Jan. 30, 1998 to March 5, 2002.
Nancy Pantazis founded Chet's Diner on 191 Main Street in the 1960s with her late husband, James. Fidrych is the widow of former Major League pitcher Mark Fidrych. She is currently involved in a wrongful death suit against the maker of the truck that her late husband was working on when he was found dead in 2009.
Court records also show that Pantazis, who owns a Merry Maids franchise, owes $6,900 to the cleaning service. He also owes $50,000 to Yellow Pages advertising and an undetermined amount to a former employee.
Pantazis could not be reached for comment on Tuesday night.