Well-known hip hop artist and music producer Jermaine Dupri failed to pay his mortgage, resulting in foreclosure proceedings, a December 11 article by WSB-TV 2 stated. Reports said the Atlanta native musician defaulted $2.5 million on his 9,441 sq/ft mansion in Fulton...
Alabama Bankruptcy
Increase in nationwide foreclosure activity in October
National Mortgage Professional reported on November 13 that U.S. foreclosure activity grew by 15 percent in October. Recent data supplied by RealtyTrac showed that a total of 123,109 homes in the U.S. were in different stages of foreclosure in October, making it the...
R&B artist likely to file bankruptcy
Ginuwine, a prominent R&B singer during the late ’90s and the early 2000s, may possibly file for bankruptcy, an article on Daily News stated November 10.The 44-year-old singer Ginueine, or Elgin Baylor Lumpkin, allegedly owes $1.25 million to Robert Reives from...
Former UK girl band member declares bankruptcy
The ex-singer for the English girl band “Sugababes,” Mutya Buena, recently declared bankruptcy due to an unsettled tax bill, an article on Mail Online stated September 26.Documents forwarded to Companies House revealed that Buena, 29, had overwhelming personal and...
Student loan debt burdens baby boomers
According to research, the amount of student debt held by the American elderly has escalated in recent years, the New York Times reported on September 12.According to the “Household Debt and Credit Report,” unsettled student loan debts held by senior citizens...
Tuscaloosa people rallied to limit payday loan interest
Hundreds of people in Tuscaloosa flocked to Calvary Baptist Church on the night of August 11 to advocate for a limit on the interest rates of payday loans, The Tuscaloosa News reported.According to reports, more than 200 people showed up to...
Sports mogul Steve Donner bankrupt
Former owner of the Amerks and Knighthawks, Steve Donner filed for bankruptcy in Florida, the Democrat & Chronicle stated on July 3.The 57-year-old sports mogul and his wife reportedly filed for Chapter 7 bankruptcy last May. Donner, who had an outstanding debt of...
U.S. foreclosure activity steadily decreased in the last 8 years
A recent report by real estate firm RealtyTrac stated that there has been a steady decline in foreclosure activity in the last eight years, CNBC reported on June 10.Reports said that in May, banks acquired fewer homes and property owners filed for fewer...
University athletes also burdened by student debt
College students in the U.S. who represent their schools through sports are also burdened by student debt after school is over, a Forbes article stated on June 3.Though some college jocks are privileged enough to be rewarded with complete or partial...
Foreclosure activity across U.S. continues to drop
Fortunately, the U.S. housing industry observed a 1% decrease in foreclosure rates for the month of April, Reuters reported on May 15. Foreclosure activity including bank repossessions, foreclosure notices, and auctions is overall 20%...