Millionaire Doctor Dad Of Actress Chloe Moretz Financially Ruined His Family Then Ran Off With Hilton Heir’s Ex
He also abandoned Chloe’s cancer-stricken mom and his 5 kids to get sloppy seconds from Hilton heir Ronald Hilton’s ex-wife.
McCoy Moretz declared bankruptcy and lost everything in 2005.
Moretz and his wife Teri owed millions of dollars to nearly 199 creditors. Yet, to an outsider, it looked like the Moretzes were millionaires.
McCoy Moretz was an ear, nose and throat specialist with a practice in suburban Atlanta.
He also ran a small cosmetic surgery company called Southern Facial Arts Center from the same office.
The Moretzes lived in a sprawling $3.4 million at the time of the bankruptcy. The seven-bedroom and eight-bathroom home sat on 2.95 acres.
The sprawling property also had a tennis court and a swimming pool, In addition, it also had a guest house with elevator and gourmet kitchen.
The now abandoned family home reflects everything that the Moretz household lost.
The Father of Chloe Moretz Runs Up Massive Debts While Livin’ Large
The Moretz’s $3.4 million suburban Atlanta mansion surprisingly had equity in it. Moretz only had a $2.1 million mortgage on it.
McCoy Moretz also had a $430,000 mortgage on an office condo. The good doctor also had two other mortgages on two other properties for $890,000 and $120,000. He also had a one-third ownership of a piece of land in North Carolina valued at $40,000.
Yet, Moretz claimed on the bankruptcy petition his income was just $5,135 a month.
Moretz also claimed he and his wife only had only $30 in two Bank of America checking accounts, and $25 in savings.
They also owed the IRS $450,000 in unpaid taxes from 2000 to 2004 and another $60,000 in property taxes.
The Moretzes lost virtually everything. The family was forced to relocate to a smaller house in Oxnard, California.
McCoy Moretz Re-Invents Himself As “Beverly Hills Doc” And Runs Off With Hilton Heir’s Ex
Moretz set up the Ventura Ear, Nose and Throat Medical Group after moving to California. He soon realized he could regain his fortune by becoming a full-time Beverly Hills plastic surgeon. He began F.A.C.E of Beverly Hills in 2007.
McCoy Moretz soon ran off with socialite Jo Hilton after Teri was diagnosed with kidney cancer.
Hilton is the ex-wife of Hilton Heir Ronald Hilton and Paris Hilton‘s aunt.
Moretz soon dragged his devoted cancer-stricken wife Teri through a 9-year divorce nightmare.
McCoy Moretz has also been dogged by litigation and complaints from angry patients.
However, there are there are plenty of celebrity five-star reviews for Moretz.
At least two people have taken their grievances to court.
Chloe Moretz And Her Brothers Become Successful In Their Own Right
If you ask Moretz’s family what they think of McCoy Moretz, they are ‘disillusioned and upset’.
Chloe Moretz has said of her dad’s walkout:
Yet, that hasn’t stopped Chloe Moretz and her brothers from becoming successful on in their own right. She had her break out role in the 2010 movie, Kick-Ass where she kicked ass as the superhero, Hit Girl.
also models and has graced the covers of Vogue and Glamour.
Her brother Trevor Duke-Moretz has also found success as a film producer.