Back to Main Site
Categories: Bankruptcy

Who Went Bust in 2015? Celebrity Bankruptcies Edition

It was a year for celebrity bankruptcies, and some real shockers in the bunch. People arrive at bankruptcy for all sorts of reasons, so read on about some very big name people taking some very big time falls.

FROM LIVING IT UP TO LIVING IT DOWN

  • Abby Lee Miller: Reality show star Abby Lee Miller of “Dance Moms” has had a rocky year. She’s now facing some very big charges that are a reality that won’t wait until the next episode. She’s accused of and has been indicted on charges of concealing $750,000 in income in order to come out of her bankruptcy in better shape. She in turn accuses Lifetime of being in arrears to her. She pled not guilty on November 2, and posted bond.
  • 50 Cent: There’s some dispute as to whether he’s really bankrupt or covering his assets, but the rapper is in a bind either way. The whole affair can only be called a hot mess, because everywhere you turn there is more drama than a steady diet of TMZ and reality TV can provide. Now the whole thing started with Mr. Cent getting on the losing end of a lawsuit by a lady who accused him of posting a sex tape with the intent to humiliate her. Once estimated with a worth of $155 million, he filed for Chapter 11 – allegedly to avoid paying the lady her $7 million judgment.

People go bankrupt for all kinds of reasons, and when there’s no other choice, bankruptcy can be the right decision – if a painful one. The people we see don’t have stacks of cash in the ‘fridge, but they do have problems that have overwhelmed their ability to handle it on their own. You need someone experienced and thorough to help you through a trying time and complicated process, and that someone should be us.

Share
Published by
Chad Van Horn

Recent Posts

Job Loss Hits Hard After DOGE Tsunami: What Former Federal Workers and Contractors Need to Know About Protecting Their Financial Future

The Department of Government Efficiency (DOGE) was created at the beginning of President Trump’s second…

2 days ago

Building the Future of Law: How Van Horn Law Group Supports NSU’s Pro Bono Students

At Van Horn Law Group, giving back isn’t something we do on the side… It’s…

6 days ago

Buy Now, Pay Later: Helpful Tool or Hidden Debt Trap for Your Wallet?

Buy Now, Pay Later (BNPL) apps like Afterpay, Klarna, and Affirm have exploded in popularity — especially…

2 weeks ago

Black Friday and Cyber Monday: How to Shop Smart and Avoid Holiday Debt

Every year, Black Friday and Cyber Monday promise the biggest savings of the season —…

3 weeks ago

A Thanksgiving Message: Gratitude for the Work That Truly Matters

A message of gratitude for the people and purpose behind our mission. I have always…

3 weeks ago