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Sinbad Files Chapter 7 Bankruptcy. Will Keep F-150 Pickup Truck.

Sinbad

The comedian Sinbad recently filed for Chapter 7 bankruptcy protection. Hey, it happens to even the famous among us. Money troubles are not limited to the infamous. They happen to many of all walks of life. According to documents received, Sinbad (David Adkins) has liabilities of $10,991,715 and assets of $131,126. While there may be some areas of his life ... Read More »

It’s Chapter 7 Bankruptcy for Octomom. Nadya Suleman Files for Bankruptcy Fresh Start.

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Word is that Octomom, Nayda Suleman has filed for bankruptcy protection today. The court documents were not available at the time of this post. But it is reported her filing listed $50,000 in assets against up to $1 million in debt. She gave it a good try to make ends meet but in the end it’s just a tragic story ... Read More »

Real Housewives Star Teresa Giudice Denied Chapter 7 Bankruptcy Discharge

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Previously I covered the filing of a chapter 7 bankruptcy in 2009 for Real Housewives of New Jersey start Teresa Giudice. It’s been quite a while so I thought I’d drop back in to see what’s been going on in the case. Looks like the court, in a somewhat rare move, has agreed to waive Teresa from relief of her ... Read More »

Sports Agent That Inspired ‘Jerry Maguire’ Files for Bankruptcy

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Financial problems are not limited to just those down and out. High flyers run into their share of trouble as well. Sports agent Leigh Steinberg who is said to be the inspiration behind the movie character Jerry Maguire filed for bankruptcy recently. Steinberg is reported to have represented NFL players Troy Aikman, Steve Young and Ben Roethlisberger is now publicly ... Read More »

Eastender Stripper Celebrity Father Jailed for Thumbing Nose at Debts.

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As an avid viewer of England’s soap opera Eastender’s I was personally intrigued by the story of Nicola Stapleton’s father, who was charged with VAT (Value Added Tax) fraud and nonpayment of his penalty. Nicola is well known for her provocative and bad girl role on the show. After a 17 year hiatus from Eastender’s Nicola returned in 2011 and ... Read More »

NFL Players Targeted for Predatory Loans to Get Them Through Lockout

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A tipster (send in your tips here) sent in this interesting article from NBC Sports about NFL players being an attractive target for bridge loans to get them over their current financial desert while they wait for contract talks to be fruitful. The article states NFL players are being targeted with interest rates as high as 22 percent and says, ... Read More »

The Green Hornet Actor “Completely Broke.”

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Ed Furlong, of The Green Hornet and way back in Terminator 2 was hauled into court over child support debt last week. TMZ is reporting the actor claimed he could not pay his child support, “I’m out of money. I’m completely broke.” – Source. Apparently he had spent some time the previous day jail over violating a little restraining order ... Read More »

What Do Carmen Electra, 50 Cent & Shaquille O’Neal Have in Common?

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by Jesse Eisinger, ProPublica, Over the weekend, the popular rapper 50 Cent urged his 3.8 million Twitter followers to buy [1] the stock of a microscopic company in Florida. The penny stock jumped 290 percent on Monday. The rapper, who owns 7.5 million shares and warrants for 22.5 million more in the company, had a paper profit that was briefly ... Read More »

Eva Longoria Accused of Screwing Partner With Interest

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Courthouse News is reporting that a business partner of Eva Longoria is suing he for charging him interest in excess of California usury laws. A business partner accuses actress Eva Longoria of usury in a $1 million loan involving a Las Vegas nightclub. Beso, the nightclub, filed for Chapter 11 bankruptcy 2 weeks ago. In his complaint in L.A. Superior ... Read More »

Dash Dolls, Kardashian Sisters, Sued Over Pulling Out

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The Dash Dolls, AKA Kim Kardashian, Khloe Kardashian-Odom, Kourtney Kardashian, and represented by mother Kris Kardashian (aka Kris Jenner), recently pulled out of there deal to market a MasterCard prepaid debit card under their name. The company they had an agreement with on this card is none too happy and has sued the sisters and their company for big bucks. ... Read More »

Bad Day for Celebrities and Debt – Octomom and Jermaine Jackson

Despite all the promises to pay her rent on time, it is reported the landlord of Nadya Suleman is really fed up this time and plans to evit Octomom and her, soon. TMZ reports the landlord he just served Octo’s lawyer with a letter demanding she pay the full $450,000 balance plus interest by December 31 or get out of ... Read More »

Real Housewives of New York: Sonja Morgan Bankruptcy Scoop

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Another Real Housewife has fallen into bankruptcy. Sonja Morgan from Real Housewives of New York has just filed for bankruptcy protection with a voluntary Chapter 11 bankruptcy, citing $19.8 million in debt and $13.5 million in assets. The Wall Street Journal reports: “The decision to seek bankruptcy relief was not an easy one, but unfortunately, I am at a crossroads ... Read More »

Actor Timothy Busfield, “West Wing”, “Thirtysomething” Facing New Part in “Foreclosed”

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Actor Timothy Busfield, is said, by TMZ, to be facing some tough times making his mortgage payments. TMZ has obtained documents filed with the California Recorder’s Office — which show Busfield defaulted on the mortgage for his Malibu pad — and if he doesn’t reach an agreement with the bank soon, they plan on auctioning off the home in early ... Read More »

Celebrities in Financial Trouble This Week

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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 ... Read More »

Bart Simpson Actress Sued After Cosigning for Boyfriend

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How many times do I have to say, never, ever cosign. It just winds up badly in most cases. Now cosigning tragedy has struck the voice of Bart Simpson. TMZ is reporting: Nancy Cartwright — the voice of Bart Simpson — is a defendant in a lawsuit involving her fiance’s suicide, a failed construction project, and the Church of Scientology ... Read More »

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