Money problems are not limited to us mere mortals alone. Celebrities fall into financial problems as well. Here is the latest crop reported by TMZ.
Screech From Saved By The Bell
Screech had his first foreclosure scare in 2006 — when he allegedly fell behind $250,000 on his mortgage payments. It all happened again a few months ago in April — except according to Wells Fargo Bank, Screech’s debt had ballooned to $290,000.
Now, the foreclosure monster is rearing its ugly head yet again — Wells Fargo just filed more foreclosure papers in Wisconsin, claiming DD is still in default, owing $278,309 since May … and now the bank is tightening the screws for realsies.
WF wants to recoup their losses stat — demanding immediate foreclosure on Screech’s property. So far, no word from the goateed one. Zoiks!
Singer Toni Braxton Bankrupt
Braxton — who sold more than 40 million albums in her career — just filed for Chapter 7 bankruptcy in California … and in the docs, the singer claims she’s only worth somewhere between $1 mil and $10 mil … but she could have up to $50 mil in debts.
In the docs, 43-year-old Braxton lists a ton of creditors to whom she thinks she may owe money… including:
– The Four Seasons Hotels
– Cedars-Sinai Medical Center
– Various medical bills
– Neiman Marcus
– The William Morris Agency
– Tiffany & Co.
– Orkin Pest Control
– The Internal Revenue Service
– BMW Financial Services
– ADT Security
– American Express
– Flamingo Las Vegas
– Mesa Air Conditioning
– Nevada Power Company
– Screen Actors Guild
– The Westin
– Wells Fargo Bank
Braxton also claims she may owe money to the City of L.A. Parking Violations Bureau — and the DMV in both California and Nevada.
Braxton has a storied history of financial problems — she filed for bankruptcy back in 1998 … and earlier this year, the IRS filed a lien against her for $396k.
CHiPs Star Charged in Securities Fraud
The Securities and Exchange Commission just charged Wilcox and more than a dozen others with allegedly manipulating the volume and price of penny stocks to illegally generate stock sales. Translation: Wilcox and the others allegedly set up a phony company to generate bogus stock sales.
This is not a criminal charge. The SEC is asking for an injunction against Wilcox and some of the others, as well as financial penalties.
Joanie Loves Foreclosure Avoidance
Seems Erin — who now goes by the name Erin Fleischmann — was in arrears to the tune of $315k and didn’t fork over the cash.
So, the house — located in Palmdale, CA just north of L.A. — went into foreclosure, according to documents obtained by TMZ, and was sold at public auction back in July for $291k.
But the not-so-happy-days plot thickens … seems Erin kept living in the house and refused to leave. So the L.A. County Sheriff’s Dept. served her last Monday with eviction papers.
When called for comment, Erin’s rep said our facts were inaccurate … but would not say why.Celebrities in Financial Trouble This Week by Steve Rhode