Posts tagged as:

debt

Nicole Murphy’s Big Payout is Gone with the Wind

In the midst of holidays, Nicole Murphy is battling massive debt. The ex wife of Eddie Murphy has managed to squander away her $15 million payout in just four years. After their divorce in 2006, Nicole had the option to get a one-time payout or receive monthly alimony payments. Nicole opted for the former. Now [...]

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Kenny Anderson: Life after Wasting $63 million

It’s a sad day in America where one man can waste his entire $63 million in earnings. However, that lovely accomplishment belongs to none other than retired NBA player Kenny Anderson. The fortune that only took the point guard 14 NBA seasons to acquire is completely gone, along with any financial common sense. USA Today [...]

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The Greece Bailout: Is it Effective?

Greece was able to finalize a deal with Germany and the IMF regarding its heavy €110-billion ($150-billion) debt. The EU will be providing €80 billion while the IMF will be providing the additional €30 billion. Prime Minister George Papandreou believes this bailout funding will save Greece, but its citizens are thinking otherwise. Globe and Mail [...]

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3 Lessons to Learn from Greece’s Sucky Situation

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Greece has been getting a lot of attention lately due to their steep debt woes. With their debt being 130% higher than their GDP and being in risk of defaulting, it’s enough to have the whole world paying attention. If a solution isn’t reached soon, it could result in a falling euro and the beginning [...]

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Former Celtics player Antoine Walker is 4 Million in Debt

Antoine Walker is a former Celtics all-star forward basketball player. As of lately, he can add “money magician” to his resume because he’s managed to make his $110 million earnings disappear within a decade. The Boston Globe reports that the sports star currently owes over four million to various financial institutions. He was recently arrested [...]

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Some Celebrities are Hurting Right Now

Toni’s Defaults on her Californian Home The year 2009 has not been kind. Celebrities are no exception. The recent lamb led to be slaughtered was R&B songstress Toni Braxton. She’s in risk of having her Century City, Californian home foreclosed. She’s defaulted on a loan with Bank of America with $12,503 due. Another $900,000 loan [...]

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Rapper Lil Boosie Becomes a Repeat Offender

Lil Boosie Has Flunked for This Summer Semester We didn’t expect to cover Lil Boosie’s spending antics again so soon. However with an interview making its rounds in the urban music world, we had to say something. It’s full of hood-rich, hardly wealthy propaganda to say the least. The rappers takes much pride in his [...]

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California Is Broke

California in Debt?! California is currently experiencing its own unique financial crisis to the tune of $24 billion. The state is also having problems paying its $59 million bond debt. Professionals are acknowledging that the situation isn’t looking too well. They’ve had to reserve payments on their bonds and issue IOUs. Now, if that isn’t [...]

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