The most recent statistics from United States Bankruptcy Courts indicate that overall non-business bankruptcy filings are on the decline for the year 2012 when compared to the same period from the year before.In the fiscal year ending on September 30, both Chapter 7...
Chapter 7
Former MLB player files for Chapter 7 bankruptcy protection
Jose Canseco, a former MLB player for multiple teams including the Oakland Athletics, has filed for Chapter 7 bankruptcy protection.Canseco, who currently plays for the Worcester Tornadoes, an independent league team, earned two World Series rings during his time in...
Chapter 7 bankruptcy filed by 38 Studios LLC
The video-game company that is owned by the retired Boston Red Sox Pitcher, Curt Schillings, has filed for Chapter 7 bankruptcy protection in a Delaware bankruptcy court.Schillings formed the company after his years playing professional baseball came to an end. The...
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...
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...
Solar-power equipment manufacturer files for Ch. 7
Sterling Energy Systems Inc., a manufacturer of solar-power equipment, recently filed for Chapter 7 bankruptcy. The company is based in Scottsdale, Arizona.Executives with Sterling Energy Systems say that rising costs, low demand, and trouble raising funds has...
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...
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,...