Dr. Iraj Derakhshan, the Charleston neurologist whose medical license was revoked earlier this year after an investigation into his opioid-prescribing practices, has filed for Chapter 7 bankruptcy.
According to the filing, Derakhshan has $366,000 in assets and $595,772 in liabilities. Filing for Chapter 7 bankruptcy will allow an appointed trustee to liquidate Derakhshan's assets to help repay his debts.
U.S. Drug Enforcement Administration agents raided Derakhshan's Quarrier Street office on Feb. 9. Investigators were looking for the medical records of 64 patients who had died from overdoses between 2010 and 2015 while under his care, a federal agent wrote in an application for a search warrant, which was unsealed later in February.
An investigation into Derakhshan's prescription history determined that the doctor wrote more than 14,000 original and/or refill prescriptions for controlled substances from July 1, 2013, to Feb. 12, 2014, including 3,100 controlled substances, the Gazette-Mail has previously reported.
In April, Derakshan pleaded guilty to a federal record-keeping violation, admitting he dispensed a dose of a powerful painkiller to a patient and never reported it. The doctor will be sentenced on July 8, and faces up to four years in prison.