Let’s look at famous stars who file bankruptcy.
Sometimes we forget that celebrities file bankruptcy. It is not uncommon. They make a great deal of money but do not budget, spend enormously and forget about payment of their debts. Also, celebrities forget to pay taxes and these taxes mount up over time. However, they are entitled to bankruptcy protection, too. Just as you, they are entitled to a fresh start after bankruptcy.
Let’s look a famous celebrity Connie Stevens who filed bankruptcy https://en.wikipedia.org/wiki/Connie_Stevens in California Bankruptcy Court https://www.cacb.uscourts.gov
One of Connie Stevens’ assets was her white brick colonial located just off the Sunset Strip. Opposite this house, is the home of “Frasier Star, Kelsey Grammer”. Features of this home include: a pool and spa, chauffeur’s apartment, billiard room, tennis court and a dance studio. As to the size of this home: It is 12,000 square feet has 7 bedrooms and 9 bathrooms – wow!
The singer’s mansion sold for $17 million in Bankruptcy Court as part of this celebrity’s bankruptcy proceedings.
This is the 5th home that the former star, Connie Stevens, of TV’s “Hawaiian Eye” has removed from her extensive real estate portfolio since 2010.
Since this is her 5th home that she lost, do you think she should stop buying homes and rent?
With all the money made and spent by celebrities, it is unfortunate that they are not careful with their spending. It is not how much you make but how much you spend that can cause bankruptcy.
However, it is not uncommon for celebrities to file bankruptcy. Many other celebrities file bankruptcy.
If they can make a come back and make a fresh start, so can you. As a bankruptcy lawyer, I see clients from all walks of life. Bankruptcy protection is available for everyone who qualifies. https://njbankruptcylawfirms.com/bankruptcy-protection/