Eddie Montgomery of the famous country music duo, Montgomery Gentry, sought personal bankruptcy protection at the end of December.Montgomery, 50, filed for Chapter 7 bankruptcy after accruing a large amount of debt due to his recent divorce and the failure of his...
Bankruptcy Filing
Aaron Carter files for bankruptcy
Pop artist Aaron Carter recently sought bankruptcy protection due to a debt of more than $2 million, a majority of which was unpaid back taxes, an article from CNN reported on Friday, November 22.According to the bankruptcy petition filed by Carter, the former teen...
Major investors in Energy Future strive to minimize losses
Investment firms KKR & Co., Goldman Sachs Capital Partners, and TPG Capital spearheaded the $48-billion buyout of Energy Future Holdings Corp., the biggest power plant owner in Texas. Now, they are striving to get barely 3% of their initial investment back since...
Simon Webbe of band “Blue” files for bankruptcy
After accumulating thousands of pounds in debts owed to creditors, “Blue” band member Simon Webbe recently announced to the public that he filed for bankruptcy.Webbe filed his bankruptcy papers in September in a high court of London weeks after other “Blue” member...
Rapper exits bankruptcy
Rapper David Darnell Brown, better known as “Young Buck,” is getting a fresh financial start after exiting bankruptcy, a report stated on Thursday, September 19. The rapper filed for bankruptcy three years ago.According to reports, the Tennessee rapper has paid some...
Vince Young’s properties auctioned off to cover debt
Constables from Harris County went to ex-NFL quarterback Vince Young’s home to take an inventory of his personal properties in preparation for paying off a loan of $1.7 million, a July 25 report from NBC sports showed. The former NFL player took the loan out two years...
Medical bills: a huge factor for personal bankruptcy
Millions of Americans are expected to file for bankruptcy this year due to expensive medical bills, a new data analysis reports.According to the data gathered by NerdWallet Health, skyrocketing health expenses cause many people to file bankruptcy. In fact, Vice...
Bills to limit payday loans in Alabama stall
Laws attempting to change payday and title loans in Alabama stalled recently in the Alabama Legislature.The bills were being reviewed in the House Committee, but failed after industry leaders argued that the bills would substantially affect their business, even...
Bankruptcy exit plan to be filed by Jefferson County in June
A recent report stated that Jefferson County plans to file its plan for addressing its debts and how it will exit bankruptcy on June 1. County officials said on March 12 that they hope to present a plan that receives the approval of sewer creditors, but were also...
Bankruptcies down in fiscal 2011
The American Bankruptcy Institute, a bankruptcy filing research organization, recently reported that bankruptcy filings dropped in fiscal 2011.A total of 1.47 million bankruptcies were filed in the U.S. through September. According to the ABI, this fiscal year’s...