“Octomom” files for bankruptcy


Earlier this week Nadya "Octomom" Suleman filed for Chapter 7 bankruptcy in order to pay off her more than $1 million in debt. According to her court filing, Suleman has about $50,000 in assets. Suleman owes money to her father, DirecTV, the city's water department, her children's school, and at least $30,000 in unpaid rent. [...]

“Octomom” files for bankruptcy2012-05-01T18:33:32+00:00

Black Eyed Peas’ former manager files for bankruptcy


The former business manager for the Black Eyed Peas filed for Chapter 7 bankruptcy last week in Los Angeles, claiming he owes between an estimated $500,000 and $1 million. Sean Larkin, 41, was fired by the Black Eyed Peas after they learned he had not filed tax or federal tax returns for several years. Larkin [...]

Black Eyed Peas’ former manager files for bankruptcy2012-04-24T18:17:29+00:00

Warren Sapp files for Chapter 7 bankruptcy


Former NFL star Warren Sapp filed for Chapter 7 bankruptcy protection in Florida earlier this month. Sapp claims he has $6.7 million in liabilities but only has $6.45 million to his name. According to court documents, Sapp owes more than $900,000 to the IRS, hundreds of thousands of dollars in child support and alimony payments [...]

Warren Sapp files for Chapter 7 bankruptcy2012-04-10T18:18:16+00:00

Gary Busey seeks bankruptcy protection


This week, actor Gary Busey, 67, filed for Chapter 7 bankruptcy at a court in California.  The actor has been in more than 70 films, including "Point Break" and "Lethal Weapon."  More recently, Busey has participated in the reality television shows "Celebrity Wife Swap," "Celebrity Apprentice," and "Celebrity Rehab." Busey lists less than $50,000 worth [...]

Gary Busey seeks bankruptcy protection2012-02-08T20:33:21+00:00

Toledo Bankruptcy Court reports decrease in filings


According to the U.S. Bankruptcy Court in Toledo, bankruptcies filed at the court decreased by 19 percent in 2011.  In 2010, a total of 8,461 bankruptcies were filed in the 21 counties the court handles, while only 6,853 bankruptcies were filed at the court last year. Both Chapter 7 and Chapter 13 bankruptcy filings decreased [...]

Toledo Bankruptcy Court reports decrease in filings2012-01-09T14:27:27+00:00

Benefits of filing Chapter 7 bankruptcy


If you are filing for bankruptcy, it may be hard to decide whether to file for Chapter 7 or Chapter 13. There are benefits to each, and it is important to know which will be the best decision for your individual case. There are a few benefits of Chapter 7 to keep in mind when [...]

Benefits of filing Chapter 7 bankruptcy2011-08-19T15:55:49+00:00

Youngstown reports descrease in bankruptcies


The U.S Bankruptcy Court for one of the Northern Districts of Ohio has reported a decrease in bankruptcy filings in 2010 as compared to 2009. According to the American Bankruptcy Institute, the national average of bankruptcy filings rose by 9 percent and the courts in Youngstown reported a decrease of three percent. In 2009, the [...]

Youngstown reports descrease in bankruptcies2011-01-17T14:20:31+00:00

Kaufman’s files for Chapter 7 bankruptcy


Kaufman's in Wheeling filed for Chapter 7 bankruptcy last month. According to court documents, Kaufman's Inc. listed $352,716.80 as assets and $883,231.67 in bankruptcy petition. The inventory that was listed in the petition includes 331 wedding dresses and 1,503 formal dresses. In Chapter 7 bankruptcy, a bankruptcy trustee sells the non exempt products of the [...]

Kaufman’s files for Chapter 7 bankruptcy2011-01-10T20:17:43+00:00
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