One of Tom Martino’s creditors says the TV and radio personality may have transferred $22.7 million in assets to his wife before filing for personal bankruptcy this month, a claim Martino denies.

“International Bank believes the Debtor (Martino) may have transferred certain assets to Ms. Martino with the intent to hinder, delay, or defraud International Bank and other creditors and/or without receiving reasonably equivalent value in exchange,” the company said in a filing this week.

Those assets, according to the bank, include a house worth $4.3 million, furnishings and art worth $750,000, three aircraft with combined value of $725,000, Friesian horses worth $100,000, a Bentley Arnage car worth $200,000, cash accounts holding $4.6 million and real estate equity of $11.7 million.

Martino also may have transferred 50 percent ownership of his Troubleshooter Network to Holly Martino “sometime after November 13, 2009,” the bank said.

Martino said Friday that the only asset he transferred to his wife was the title to their Franktown home. That was done in 2008, before his financial troubles began, he said. Martino said he owns 100 percent of Troubleshooter Network and always has, though his Sept. 2 bankruptcy filing indicates that he’s a 50 percent shareholder in at least some of its assets.

“These people are simply trying to muddy the waters,” he said. “They are trying to discredit me. It’s very common in bankruptcy cases where a lot of money is at stake.

“This one law firm is trying to destroy my reputation,” he said of Denver’s Rothgerber Johnson & Lyons, which represents International Bank. “The federal courts will not allow fraud, and they will be the first ones to come down on anyone committing fraud. I would be insane to try to commit fraud.”

Martino claimed liabilities of $78.6 million and assets of $1.37 million in his Sept. 2 bankruptcy filing. He has said the case involves roughly $40 million in unpaid loans made to him for real-estate investments throughout Colorado, and that his Troubleshooter Network business is still healthy.

The biggest portion of debt, more than $30 million from the failed New Frontier Bank of Greeley, is now in the hands of Colony Capital, a California real estate investment fund.

International Bank said a company owned by Martino defaulted on a $2.8 million commercial real estate loan it made in 2008.

The bank’s new filing was one of three this week objecting to Martino’s effort to have the Troubleshooter Network and Martino Consulting — his operating businesses — removed from the bankruptcy case. Martino has said the businesses have no value without his involvement.

But International Bank and another creditor, First Citizens Bank and Trust Co., say the Troubleshooter Network and Martino Consulting have tangible assets. First Citizens said Martino earlier valued the Troubleshooter Network at $5 million. The bank said the company’s assets include bank accounts with more than $724,000 in deposits, a helicopter, an airplane, a tractor and office equipment.

Troubleshooter Network also “apparently has contracts with customers, intellectual intangible property such as websites, receivables, and goodwill sufficient to generate annual income of approximately $1.5 million,” the bank said.

Also objecting to Martino’s effort to shield his operating businesses is the court-appointed trustee overseeing his estate. A lawyer for trustee Simon Rodriguez said it’s for Rodriguez to determine the value of the businesses, and that he hasn’t yet conducted an investigation into their potential value.

Greg Griffin: 303-954-1241 or ggriffin@denverpost.com