Posts tagged as:

bankruptcy

Michael Vick Living on An Allowance

Thumbnail image for Michael Vick Living on An Allowance

The football player with the second chance is facing his debts. Michael Vick may have been lucky enough to score a $4.1 million contract with the Philadelphia Eagles. However, he’s still in massive debt that leaves him on a budget set by a court-appointed trustee. In 2008, he filed for Chapter 11 bankruptcy because he [...]

Continue Reading →

Why Toni Braxton Went Bankrupt Again

Thumbnail image for Why Toni Braxton Went Bankrupt Again

Toni Braxton has done it again and filed for Chapter 7 bankruptcy for the 2nd time in a decade. She has amassed a massive amount of debt somewhere in the range of $10-50 million according to TMZ. As a result of the bankruptcy filing, she will have to divide her assets that lie somewhere between [...]

Continue Reading →

Damon Dash in Foreclosure

Thumbnail image for Damon Dash in Foreclosure

While we all knew Damon Dash was having financial woes in 2009 with the bankruptcy and divorce filings, it appears 2010 is an extension of those woes. For one, Damon Dash is still clinging on to the imaginary $50 million in net worth that he no longer has. Secondly, he’s still placing all of the [...]

Continue Reading →

Antoine Walker is Officially Filing for Bankruptcy

Antoine’s bankruptcy is like a loose tooth. You’re not sure when it’s going to happen, but it’s guaranteed to happen. Well, the inevitable has come to pass! Our money-losing extraordinaire has officially filed for bankruptcy. We guess that confidence to pay back all debts owed has finally eroded. Chicago Business reports that Antoine has a [...]

Continue Reading →

Ball Player Eddie Curry Nearing Bankruptcy

Eddie Curry has inherited the gift of basketball playing and losing money. Despite his $10.5 million in earnings with a possible renewable $11 million contract, the man just cannot keep his finances in order. He has been taken to court over a $570,000 debt that he can’t seem to be able to handle. However, the [...]

Continue Reading →

What on Earth is Wrong with Katt Williams?

Katt Williams was a promising urban comedian who had captured worldwide attention after his appearances on Friday After Next and Nick Cannon’s Wildin’ Out show. And indeed he was making his own way in Hollywood. His last performance tour grossed over $50 million. It seemed as if he would soon be gracing the Forbe’s hip-hop [...]

Continue Reading →

Tragedies and The Dumbest Grade F Moves for 2009

Since we recently covered the triumphs and applauded Grade A moves of the year 2009. It’s only fair that we cover the tragedies as well. Afterall, it’s a good way to learn lessons from the mistakes of others. This is a year that had numerous tragedies within it, and we hope that they can all [...]

Continue Reading →

3 Habits of Hardly Wealthy People

The “hardly wealthy” are a complex bunch. In their eyes, they are excessively wealthy with large sums of money to support their extravagant lifestyles. On paper, they have more money going out than they have going in. Habit 1: The hardly wealthy don’t care to ensure secured wealth for their future generations with a good [...]

Continue Reading →