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Celebrity Bankruptcies

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Bankrupt Tennis Star Auctions Trophies

Trophies and personal souvenirs belonging to bankrupt German tennis star Boris Becker will be auctioned to partially clear the champion’s debts.

He is the  youngest winner in Wimbledon’s history, who claimed the first of three titles at age 17, is auctioning off 82 items including medals, cups, watches and photographs.

Now 51-year-old champion declared bankruptcy.

The six-time Grand Slam winner, nicknamed “Boom Boom” Becker for his devastating serve, won 49 titles and over 20 million euros in prize money. He now focuses on his tennis activities, particularly commentating, as he attempts to use his fame to wipe out his debts.

50 Cent’s Request for $ from Creditor – less than Expected

February 5, 2018

Background:

  • Rap artist, Curtis James Jackson III, a/k/a 50 Cent,  is in a Chapter 11 Bankruptcy
  • 2 Days after 50 Cent filed for bankruptcy, he was sued for copyright infringement, unjust enrichment and fraud by Brandon Parrott and Erica Tucker (Plaintiff’s).
  • 50 Cent’s attorneys filed a motion in Bankruptcy Court for a violation of the automatic stay.
  • 50 Cent’s counsel requested a total of $18,545 in legal fees.

read more…

Livan Hernandez Pitching for Bankruptcy

August 4, 2017

Net worth according to Court papers was $50,000 as of June 2017.

Livan is a two-time MLB All Star pitcher.

Earned more than $53 million in his 15-year career.

Primary debts:

  • IOU’s to businesses /credit card companies.
  • Back taxes to the IRS
  • Local businessman who lent Hernandez $220,00 in 2013 but hasn’t paid back

From $53 million to $50,000 – amazing how spending habits can hurt you.

As a pitcher, he is accustomed to getting relieved.

Livan deserve a fresh start.

Not All Attorneys with High-Profile Cases Do Well; Sometimes They Need Bankruptcy, Too

 

July 7, 2017

Lee Bailey filed for Bankruptcy again to tie up some loose ends following his bankruptcy case which was filed last year.

Lee Bailey participated in the following high profile cases:

  • 1960 secured an acquittal for Dr. Sam Sheppard’s Conviction in the murder of his wife, which later inspired the TV show and movie: The Fugitive
  • 1995 Murder Trial of OJ – ended in an acquittal of killings of his ex-wife Nicole and Ronald Goldman
  • Represented Albert DeSalvo, who claimed to be the Boston Strangler
  • Represented Patty Hearst

50 Cent Just Shows No Good Sense in His Bankruptcy Case

March 11, 2016  

When you are in Bankruptcy, why would anyone take pictures of themselves with huge amounts of cash and put post on the internet and instagram?   50Cent

Easily $50,000 worth of bills are depicted in his pictures.    In another picture, he stacks the bills to spell B R O K E.

The judge has ordered Mr. Jackson (50 cent) back in court.    The Court is very concerned that he has shown total transparency.

50 cent just makes no sense.

His new story is that the money is all fake…….

Dance Moms’ Star – Let’s Dance into Bankruptcy Court

October 16, 2015

“Dance Moms” star Abby Lee Miller has been charged with hiding $775,000 worth of income from the Lifetime network reality show and spinoff projects while in Chapter 11 Bankruptcy.Abby Lee

During her Chapter 11 bankruptcy, prosecutors found that she hid income in 2012 and 2013 earned from her TV appearances as well as from dance sessions, merchandize and apparel sales.

Ms. Miller concealed her income in order to gain very favorable terms in paying back her creditors. read more…

50 Cents May be all that will be left of Rapper 50 Cent – Filed for Bankruptcy Today

July 13, 201550 Cent

Curtis James Jackson III, better known as 50 Cent filed for Chapter 11 Bankruptcy  protection today.

The bankruptcy petition has not yet been completed.   However, court papers filed in the U. S. Bankruptcy Court in Hartford, Connection (where 50 Cent resides) indicates assets and liabilities in the range of $10 million to $50 million. read more…

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