Coldwater Creek Files Chapter 11 Bankruptcy

Women's clothing retailer Coldwater Creek has filed for bankruptcy. The business, originally known as a catalog business 30 years ago, recently filed Chapter 11 bankruptcy protection in Delaware. Coldwater had over 300 store locations in operation but cited declining sales and the downturn of the economy. At one point, the company had revenue peaking at [...]

By | 2017-12-13T00:41:28+00:00 April 15th, 2014|High-Profile Bankruptcies|Comments Off on Coldwater Creek Files Chapter 11 Bankruptcy

Bankruptcy Trustee Questions Oksana Grigorieva’s Finances

While Oksana Grigorieva claims she's strapped for cash, the bankruptcy trustee overseeing her case claims her monthly expenses are not adding up. Grigorieva, a Russian singer known as the mother of Mel Gibson's child, filed for bankruptcy recently but the trustee may have found deficiencies related to her debts and expenses that are raising concerns [...]

By | 2017-12-13T00:41:39+00:00 April 7th, 2014|High-Profile Bankruptcies|Comments Off on Bankruptcy Trustee Questions Oksana Grigorieva’s Finances

Oksana Grigorieva Files Chapter 13 Bankruptcy

Oksana Grigorieva, Mel Gibson's ex and mother of Gibson's child, filed Chapter 13 bankruptcy in California. Grigorieva and Gibson went through an explosive child custody war in which she was awarded hundreds of thousands of dollars. But recently she claims she has fallen on hard times and only has $10 to her name. According to documents related [...]

By | 2018-01-09T07:10:12+00:00 February 22nd, 2014|High-Profile Bankruptcies|Comments Off on Oksana Grigorieva Files Chapter 13 Bankruptcy

Ex-Girlfriend of NBA Star Chris Bosh Files Bankruptcy

Allison Mathis, the ex-girlfriend of Miami Heat star Chris Bosh files bankruptcy protection. She is the mother of a 5-year old child fathered by Bosh. She reportedly receives child support payments from Bosh for their child in the amount of $3,000 a month, but many may see this as mere pennies since the NBA star [...]

By | 2017-12-22T19:44:26+00:00 February 19th, 2014|High-Profile Bankruptcies|Comments Off on Ex-Girlfriend of NBA Star Chris Bosh Files Bankruptcy

Former Baywatch Star Files Bankruptcy

Nicole Eggert, 42, former star of the television show "Baywatch" files bankruptcy with this filing being her third attempt in one year. Eggert filed a Chapter 13 bankruptcy petition to restructure financial obligations and catch up on mortgage payments to prevent foreclosure of her home. She filed bankruptcy twice in the last year with both cases being dismissed. Filing [...]

By | 2017-12-22T19:47:59+00:00 February 6th, 2014|High-Profile Bankruptcies|Comments Off on Former Baywatch Star Files Bankruptcy

Problems Arise in Rapper DMX Bankruptcy Filing

Earl Simmons, aka hip hop rapper DMX, filed for Chapter 11 bankruptcy protection back in July of this year. But it seems that actions related to his filing are now being questioned by federal authorities. Along with a new lawsuit against the rapper, his legal team has their hands full in trying to get the [...]

By | 2017-12-13T00:41:48+00:00 November 1st, 2013|High-Profile Bankruptcies|Comments Off on Problems Arise in Rapper DMX Bankruptcy Filing

Bankruptcy Protection Filed by White House Gift Shop

A popular gift shop located just blocks away from the White House has filed for bankruptcy protection. The shop known as the "Official White House Gift Shop" claims it is unable to pay their creditors with outstanding liabilities in the hundreds of thousands of dollars. The shop is known for selling memorabilia and commemorative items [...]

By | 2017-12-13T00:41:58+00:00 October 23rd, 2013|High-Profile Bankruptcies|Comments Off on Bankruptcy Protection Filed by White House Gift Shop

Former Enron Executive Indicted on Bankruptcy Fraud Charges

A federal grand jury returned a 24-count indictment on former Enron Executive Jeffery Adam Shankman, 46, that included concealing assets with bankruptcy fraud. He is expected to make his appearance before a U.S magistrate judge upon turning himself in to authorities. His charges include purposely hiding assets from creditors and the bankruptcy trustee who was [...]

By | 2017-12-20T07:21:06+00:00 October 17th, 2013|High-Profile Bankruptcies|Comments Off on Former Enron Executive Indicted on Bankruptcy Fraud Charges

Owner of Penthouse Magazine Files Bankruptcy Protection

FriendFinder Networks, owner of adult entertainment website and the popular magazine publication Penthouse, has filed for Chapter 11 bankruptcy. The company has been struggling to pull in new revenue in recent years, while having problems paying back outstanding loans and other debts. In August, the company was delisted from NASDAQ when their stock trade fell [...]

By | 2017-12-13T00:42:18+00:00 September 20th, 2013|High-Profile Bankruptcies|Comments Off on Owner of Penthouse Magazine Files Bankruptcy Protection

Former GOP Chairman of Minnesota Files Bankruptcy

Tony Sutton, 46, former chairman of the Minnesota GOP has filed for Chapter 7 bankruptcy protection. Along with his wife Bridget, the couple claims to have outstanding liabilities totaling over $2 million. During his political career as state Republican Party chairman, Sutton pushed aggressively for republican legislators to stay in line with spending based on [...]

By | 2017-12-13T00:42:26+00:00 September 18th, 2013|High-Profile Bankruptcies|Comments Off on Former GOP Chairman of Minnesota Files Bankruptcy