Irons Brothers Allegedly Owed $1 Million by Lender

Andy IronsWorld-renowned surfers, brothers Andy and Bruce Irons, are just two of the many who now-bankrupt Kau’i mortgage lender James W. Lull allegedly owes millions of dollars, according to a story published last week by the Honolulu Advertiser.

Lull, who was employed by US Financial Mortgage Corp. from 1994 to 2006, filed for personal bankruptcy in 2006, listing more than $31 million in debts and $6.7 million in assets, according to the Advertiser. In Lull’s bankruptcy papers, he claimed he owed $1 million to three-time world champion surfer Phillip A. “Andy” Irons and brother Bruce for unpaid loans the two made to him between 1998 and 2006, the article stated. No charges are currently pending against Lull.

Check out the full story at the Honolulu Advertiser‘s official site. Although the Advertiser wasn’t able to track down the brothers for comment due to their presence in Australia for the Quiksilver Pro, Transworld Business is in the process of following up on the allegations. Look for complete coverage HERE in the next few days.