A December 29 article of Mail Online revealed that well-known rap artist “DMX” has filed for bankruptcy to possibly protect his house in New York and to settle his millions worth of debt to creditors.Reports said it is already the third time that the 46-year-old...
Celebrity Bankruptcy Filings
Rapper’s $1 million NY property facing foreclosure
Rapper Earl Simmons, commonly known as DMX, is currently losing his $1 million property in Mount Kisco, New York to foreclosure.Simmons blames his estranged wife for the foreclosure, saying that she didn’t take responsibility for the mortgages, as previously agreed...
Bankruptcy case dismissed for Nadya Suleman
Nadya Suleman, as previously reported, sought the help of Chapter 7 bankruptcy last month. She filed for the bankruptcy protection but was ordered by the court to produce about a dozen extra documents pertaining to her finances.She was given until Monday, May 14, to...
Nadya Suleman seeks Chapter 7 bankruptcy protection
Nadya Suleman, who has been deemed ‘Octomom’ by the media, has sought Chapter 7 bankruptcy protection. The single mother of 14 has been trying to support her large family on food stamps and Social Security disability checks.Her debt has rapidly increased, and she owes...
Another former professional sports player seeks bankruptcy protection
Yet another former professional sports player has sought bankruptcy protection. Warren Sapp, a former defensive tackle for the National Football League, is the most recent ex-player to file for bankruptcy. He joins the likes of Allen Iverson, Dennis Rodman, and...
T-Boz’s bankruptcy dismissed, creditors may claim singer’s assets
This month, Judge James R. Sacca of the U.S. Bankruptcy Court in Atlanta, Georgia dismissed TLC singer T-Boz’s third bankruptcy filing. The singer filed for Chapter 13 bankruptcy in October, listing more than $700,000 in debt.Girl group TLC filed for Chapter 11...
Actor Gary Busey files for Chapter 7 bankruptcy
Yesterday, actor Gary Busey filed for Chapter 7 bankruptcy in California. The 67-year old starred in movies for 45 years before appearing on reality television shows like “Celebrity Rehab,” “Celebrity Apprentice,” and “Celebrity Wife Swap.”According to Busey’s...
Media personality files for Ch. 7 bankruptcy
Earlier this month, “Troubleshooter” Tom Martino filed for Chapter 7 bankruptcy. Martino hosts television and radio shows on consumer-advocacy based in Denver, Colorado.Martino says that all of his debt is related to commercial real estate projects and that he...
Former state representative files for bankruptcy
Former Alabama State Representative James Gordon recently filed for bankruptcy protection for himself and his business, the Alabama Injury and Pain Clinic.The business filed for Chapter 11 bankruptcy in hopes of reorganizing and continuing operations. Gordon also...
Toni Braxton’s debts discharged in Chapter 7 bankruptcy
Grammy award-winning singer Toni Braxton recently had many of her debts discharged under Chapter 7 bankruptcy.The singer filed for bankruptcy last September. The Chapter 7 filing listed $18.3 million in debts and $1.6 million in assets.Under Chapter 7 bankruptcy,...