Bankruptcy News

Bankruptcy News: Rapper 50 Cent Files for Chapter 11 Bankruptcy

July 20, 2015

Rapper “50 Cent,” Curtis Jackson, has recently filed for Chapter 11 bankruptcy in federal court, claiming he’s broke and he owes creditors more than $28 million. According to court documents, Jackson’s debts include two multi-million verdicts against him: One for $18.4 million, which arose from a case in which Jackson was being sued for stealing…
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Prominent U.S. Grocer on Brink of Filing for Bankruptcy, Some Say

June 20, 2015

A&P, a grocer that has been doing business in the U.S. for more than 155 years, may be on the brink of bankruptcy, some are predicting. Last month, attempts to sell the company via auction were not met with any viable offers. Now, with only 400 locations open throughout the U.S., some expect that the…
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Organizing Your Finances Before Divorce Can Save You Money (Part 2)

June 14, 2013

As a continuation of Organizing Your Finances Before Divorce Can Save You Money (Part 1), here is some additional information regarding what soon-to-be divorcing parties can do in order to get their financial affairs in order so that they can save themselves money and potential headaches in the future. Close joint accounts if possible –…
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Judge OKs City of Stockton to Move Forward with Bankruptcy

April 12, 2013

A federal judge has recently ruled that the City of Stockton, California will be permitted to move forward with its bankruptcy case and, consequently, to reorganize the city’s debts. While this ruling has come to the dismay of the city’s many creditors, who feel that the city should be forced to try to come up…
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