Court documents claim Bill Vlahos is owed $32 million in failed punting club Bill Vlahos having lunch at Southbank. DISGRACED racing identity Bill Vlahos claims he is owed $32 million from The Edge punting club but even he doesn't expect to see a cent, bankruptcy documents show. Mr Vlahos, who was the architect of the club that collapsed after $194 million went missing from a Westpac bank account, claims that he too had invested heavily in the syndicate. He lists in his money owed to him as "punting club" $32 million, but then adds in the next column "amount likely to be received - nil." David Hayes admits victims were stung in Vlahos punting club scandal Laptop, documents destroyed in ute fire, court told Mr Vlahos also claims that his former company BC3 Thoroughbreds owes him $10 million in documents filed with the Australian Financial Security Authority. It comes as BC3 Thoroughbreds creditors meet at Geelong's Mercure Hotel this morning (Thursday,) where it will be revealed Inglis Bloodstock is owed $5.8 million. That debt is mainly for the cost of the $5 million colt Jimmy, Black Caviar's half-brother, who is still at a Werribee vet clinic suffering from laminitis. Retail giant Gerry Harvey is owed $1.35 million by BC3 Thorougbreds through his company Magic Millions. Other creditors are owed $400,000. Mr Vlahos' case will also continue in the New South Wales Supreme Court this morning (Thursday) where he is being sued for an alleged $26 million debt owed to Aloga, a company formed by an alliance of punters' club members. He has been ordered to provide an affidavit about where the money from the 1000-member strong punting club went. The bankruptcy documents also show Mr Vlahos has only $4,700 in a NAB account and $1,500 in a Westpac savings account. Bank records tendered to the New South Wales Supreme Court had shown as much as $114 million in a NAB account in January this year. Mr Vlahos also lists $15,000 in an AMP Superannuation account but no property in his name. He does declare that he helped pay for a $1.2 million family home in Torquay, which is in his wife Joanne's name. And he declares he owns two race horses, one of which is at David Hayes' stable. Mr Vlahos also admits to owing $26.5 million to Aloga, and $50,000 to Peter Lang. He also owes $100,000 to the Australian Tax Office, $15,000 on a Commonwealth Bank credit card and $31,000 on a Westpac credit card. Kim Stephens, a psychologist at the Richmond Football Club, is named in the bankruptcy documents as a former business partner at their psychology and recruitment company Stephens Vlahos. Mr Harvey, a director at Magic Millions, confirmed that he was owed $1.35 million from BC3. But he said that he would recover most of the money from the sale of a dozen repossessed horses. "We retain the title until he pays and if he can't pay, it's our horse, we own it at all stages," he said.