Miami Vice star's company files for bankruptcy

A company owned by Miami Vice star Don Johnson has filed for bankruptcy to protect his Colorado ranch from being auctioned.

Timber Doodle Glade Equity Venture, a company controlled by the actor, filed for Chapter 11 bankruptcy on April 14 in Denver Bankruptcy Court.

Johnson’s lawyer, Lee Kutner, said that Doodle Glade is one of two entities that hold title to the Woody Creek property that Johnson bought from Aspen socialite Terry Butler in 1987.

The bankruptcy filing follows a lawsuit brought by City National Bank of Los Angeles asking the court to allow the ranch to be auctioned to collect 930,000 Johnson owes the bank.

A judge in Los Angeles County ruled in September that Johnson owed the bank €784,000 and €18,000 in legal fees.

Johnson’s publicist, Elliot Mintz, said the actor is refinancing the ranch and the bankruptcy filing will stave off creditors until he can get the cash he needs.