It is truly a frustrating situation for any person to have overwhelming debts, and it can be even more worrisome if a person just lost his or her job. Unemployed individuals and those who are underemployed with overwhelming debts should know there is a bankruptcy option available for them. While unemployed individuals may not be allowed to...

Singer Maxine Jones’ may lose her Virginia home to foreclosure after a federal judge allowed her bank to start the procedure, The St. Louis American stated on February 4. The 53-year-old En Vogue ex member reportedly has a debt of $212,000 on her residential property in Virginia. The looming foreclosure came after Jones defaulted on...

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 $9.5 million, listed his two vehicles as his remaining assets of...

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 steakhouse. Montgomery’s $13.4 million debt is only offset by $1.9 million in...

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