Joseph A. Vaudo, owner of Mr. Vaudo’s Fish Market near the Sandwich marina, has filed for bankruptcy.
According to court documents, Mr. Vaudo owes about $1.5 million to more than 50 creditors, ranging from a lawn maintenance company to the IRS.
Liens had been placed on his two personal properties—19 Grove Street, a house that has been on the market for more than a year; and his East Sandwich home at 298 Route 6A, according to court documents. Those properties, his personal motor vehicle, and his household belongings have been valued at about $1 million.
Under terms of the bankruptcy agreement updated last week, Mr. Vaudo has agreed to pay a total of about $7,200 a month toward his debts over a 60-month period.
The largest amount Mr. Vaudo owes appears to be to Anthony J. Prevett of Westwood, described as a secured creditor. Mr. Prevett apparently loaned Mr. Vaudo the money to open his fish market in 2017. The business is valued at $938,221, and has liabilities of about $150,000, court documents state.
Mr. Vaudo has agreed to use proceeds from the sale of the house on Grove Street and to put the fish market at 8 Gallo Road up for sale to mitigate his debt to Mr. Prevett, the documents state.
Neither Mr. Vaudo, nor his attorney Peter M. Daigle of Centerville, could be reached for comment this week. Mr. Prevett’s attorney, Robert P. Jachowicz, was reached but declined to comment for the story.
Mr. Vaudo had owned and operated three separate seafood markets near the marina for more than 30 years. The best known of these was the landmark Joe’s Lobster Mart, which was torn down in 2016.
Mr. Vaudo served on the planning board for almost 15 years, stepping down last year.
The East Sandwich resident was forced to give up Joe’s and his seafood dealer’s license in November 2014, after admitting to buying stolen oysters in 2013.
The state Department of Public Health revoked Mr. Vaudo’s wholesale dealer permit and his certification for listing on the Interstate Certified Shellfish Shippers List.
Mr. Vaudo said when he opened his new market in 2017 that he was strictly following all regulations and working closely with the state and the town to secure all necessary permits and licenses.