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

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 … Read more

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

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 … Read more

Sports Agent That Inspired ‘Jerry Maguire’ Files for Bankruptcy

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 … Read more

Eastender Stripper Celebrity Father Jailed for Thumbing Nose at Debts.

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 … Read more

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

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 … Read more

Dash Dolls, Kardashian Sisters, Sued Over Pulling Out

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 … 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 … Read more

Real Housewives of New York: Sonja Morgan Bankruptcy Scoop

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, … Read more

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

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 … Read more

Celebrities in Financial Trouble This Week

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 … Read more

Real Housewives of DC – Guess Who Went Bankrupt

This year brings year another new Bravo television series, The Real Housewives of D.C. It seems that each Real Housewives series, Orange County, New Jersey, and now D.C. brings a fascinating glimpse into financial dysfunction. Two of the characters featured on the show are Michaele Salahi & Tareq Salahi. Michaele is shown to the left. … Read more