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The creditors have already tied up De Lorean's assets, including a 430-acre New Jersey estate worth $4 million and a 20-room Manhattan apartment, also worth $4 million. They sued again last week to prevent De Lorean from selling or transferring his 48-acre California estate, valued at $4 million. Without that money, said his lawyers, De Lorean was "penniless." Said Weitzman of his once extravagant client: "He has been brought to his knees."
—ByAlessandra Stanley.
Reported by Russell Leavitt/Los Angeles and Paul A. Witteman/Detroit