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.

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Published by
Chad Van Horn

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