What do Abe Lincoln, Kim Basinger, Henry Ford, Walt Disney, and Toni Braxton all have in common? Other than being Americans and also human beings (although the jury is still out on Walt), they all filed for bankruptcy. No one aspires to someday file for bankruptcy. We...
With a Name Like 50 Cent, He Should Have Seen it Coming Part 2
In part 1 we learned that Curtis Jackson AKA 50 Cent has just filed for chapter 11 bankruptcy. This doesn’t necessarily mean that he is completely broke, but he obviously has some financial problems or he wouldn’t need to file for bankruptcy. 50 Cent just had his day...
With a Name Like 50 Cent, He Should Have Seen it Coming Part 1
Not all of us are gifted at birth with such ready-made stage names like "Tyrone Power." Most of us are either stuck with the lame one we are given, or we change it because we know it will help us rocket to stardom. A man named "Curtis Jackson" apparently felt that...
David Cassidy – Bankruptcy and Divorce
Want to buy a "celebrity's" house? David Cassidy's Fort Lauderdale home is up for sale. Unfortunately, he has to sell it because he just filed for bankruptcy in February and is coping with a divorce from his wife of 23 years. But his misfortune can be your gain! The...
Almost One-Sixth of Retired NFL Players File for Bankruptcy
“Are you ready for some bankruptcy!?” You can almost hear Hank Williams Jr. shouting that out as a new anthem for Monday Night Football. NFL players are paid an enormous amount of money to play a game that a lot of us would play for free if only our spouses would let...
Joe and Teresa Giudice Facing Prison for Fraud
The Real Housewives of New Jersey Joe and Teresa Giudice are learning the hard way that honesty is extremely important when filing for bankruptcy. Lying (or “forgetting”) about what you own can not only cause trouble for your bankruptcy case, but can lead to fines and...