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Opening Too Many Eateries Causes New York Restaurateur to File Bankruptcy

The owner of the Catalina Corsino Italina restaurant and other eateries located in Manhattan, Jason Denton, bit off more than he could chew by opening too many restaurants leading up to bankruptcy. His lawyer states the restaurateur opened too many eateries at a time when the economy was struggling due to the Great Recession. Denton, [...]

By |2018-11-08T18:13:18+00:00September 17th, 2013|High-Profile Bankruptcies|Comments Off on Opening Too Many Eateries Causes New York Restaurateur to File Bankruptcy

The Motor City Detroit Files Bankruptcy

In what is being considered the largest municipal bankruptcy filing in U.S. history the city of Detroit seeks Chapter 9 protection. While the move was anticipated for some time by financial analysts, the city has seen a significant decline in a number of ways over the last several decades. The filing is being seen as [...]

By |2018-11-15T00:00:39+00:00July 31st, 2013|High-Profile Bankruptcies|Comments Off on The Motor City Detroit Files Bankruptcy

Comedian Sinbad Files Bankruptcy Again

Comedian David Adkins, better known as Sinbad, filed for Chapter 13 bankruptcy protection. He filed for bankruptcy protection previously in 2009. The 56-year-old funny man jokingly claims to be broke, but documents related to his filing claim he makes $16,000 per month. This may not seem like typical pocket change but the comedian reportedly owes millions to [...]

By |2018-11-16T19:50:42+00:00May 31st, 2013|High-Profile Bankruptcies|Comments Off on Comedian Sinbad Files Bankruptcy Again

Vacuum Maker Oreck Files for Bankruptcy

Well-known vacuum company Oreck filed for Chapter 11 bankruptcy after decreasing vacuum sales. The company will continue operations during the filing, while in the process of restructuring in hopes of acquiring a buyer. Oreck is known for producing upright vacuums and cleaning products through online and direct phone sales, as well as through their Oreck [...]

By |2018-11-15T00:00:51+00:00May 15th, 2013|High-Profile Bankruptcies|Comments Off on Vacuum Maker Oreck Files for Bankruptcy

Former Supermodel Janice Dickinson Files Bankruptcy

Janice Dickinson, 58, also known as the world's first supermodel, filed for bankruptcy protection after owing creditors close to $1 million. Her creditors include the Internal Revenue Service (IRS) and unpaid bills from plastic surgery performed by multiple doctors. Dickinson is known as one of the most successful models in the world when her modeling [...]

By |2018-11-08T23:48:11+00:00April 29th, 2013|High-Profile Bankruptcies|Comments Off on Former Supermodel Janice Dickinson Files Bankruptcy

Dionne Warwick Files for Bankruptcy Protection in New Jersey

Legendary Grammy-winning singer Dionne Warwick has filed Chapter 7 bankruptcy protection in the state of New Jersey.  Warwick reportedly owes millions in tax debt to the Internal Revenue Service (IRS) and the state of California.  Her representative claims the massive debt is due to mismanagement of finances during the late 1980's and 1990's. Warwick's legal [...]

By |2018-11-09T22:29:00+00:00March 29th, 2013|High-Profile Bankruptcies|Comments Off on Dionne Warwick Files for Bankruptcy Protection in New Jersey

Legal Issues Force Girls Gone Wild Video Company to File Bankruptcy

Video empire Girls Gone Wild (GGW) files for Chapter 11 bankruptcy after mounting debt and legal issues.  The racy girls' video empire seeks protection while disputing multi-million dollar claims including a legal judgment of $10.3 million from Wynn Las Vegas, one of its biggest creditors. Joe Francis is behind Girls Gone Wild and its multiple [...]

By |2018-11-14T16:43:55+00:00March 4th, 2013|High-Profile Bankruptcies|Comments Off on Legal Issues Force Girls Gone Wild Video Company to File Bankruptcy

Liberty Medical Home Supply Company Files for Bankruptcy

Liberty Medical Supply, a home delivery health care products provider, filed Chapter 11 bankruptcy a midst pressure from creditors. The company is known for providing diabetes supplies and products for a variety of medical aliments. According to the company's website, over 1 million Americans use their medical supplies on a daily basis. Liberty Medical is [...]

By |2018-11-19T22:23:18+00:00February 21st, 2013|High-Profile Bankruptcies|Comments Off on Liberty Medical Home Supply Company Files for Bankruptcy

Merchandising Unit for Motorcycle Company Orange County Choppers Files Bankruptcy

Paul Teutul Sr., founder of Orange County Choppers Holdings Inc., filed Chapter 7 bankruptcy for the company's merchandising unit last week in Poughkeepsie, NY.  The filing will be used to help liquidate assets to pay off creditors.  The merchandising unit provided OCC apparel that at one time was flying off the shelves during peak popularity [...]

By |2018-11-19T21:49:52+00:00February 13th, 2013|High-Profile Bankruptcies|Comments Off on Merchandising Unit for Motorcycle Company Orange County Choppers Files Bankruptcy

Video Game Maker Atari U.S. Seeks Bankruptcy Protection

Popular video game company Atari U.S. files Chapter 11 bankruptcy in an effort to help the company expand into new digital and mobile gaming concepts.  The company has faced numerous financial problems in recent years.  Close to 90 percent of Americans recognize the game company logo with some of their most popular games include "Pong" [...]

By |2018-11-14T17:30:02+00:00January 22nd, 2013|High-Profile Bankruptcies|Comments Off on Video Game Maker Atari U.S. Seeks Bankruptcy Protection