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Los Angeles Bankruptcy: Why 50 Cent Chose to File for Chapter 11 Bankruptcy

Los Angeles Bankruptcy: Why 50 Cent Chose to File for Chapter 11 Bankruptcy

Recently, Curtis James Jackson III, better known as the music , 50 Cent, filed for Chapter 11 bankruptcy protection. The move came after the entertainer was dinged for a $7 million dollar civil verdict in an invasion of privacy lawsuit brought by Lastonia Lewiston. Ms. Lewiston’s...
The 5 Biggest Celebrity Bankruptcies

The 5 Biggest Celebrity Bankruptcies

Celebrities and other famous people have been taking advantage of the federal bankruptcy laws for centuries, many of whom may never have been suspected by the average American. For instance, Abraham Lincoln, Mark Twain, Ulysses S. Grant, Larry King, Donald Trump, Burt Reynolds,...
7 Shocking Celebrity Bankruptcies

7 Shocking Celebrity Bankruptcies

Bankruptcy is generally considered the last resort for consumers who irresponsibly maxed out their credit cards or who were forced to file because of a catastrophic injury for which medical insurance was unavailable or failed to provide full coverage. For those bankruptcies that...