How Celebrities Go Bankrupt

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  • Persius
    Tap into MOBILE!
    • Jul 2003
    • 11779
    #1

    How Celebrities Go Bankrupt

    What do Burt Reynolds and Thomas Jefferson have in common? How about Kim Basinger and Gary Coleman? What about MC Hammer and� well I think that name tells you where this is going. They are all famous filers of bankruptcy and members of a long line of celebrity debtors. We look forward to their tales of woe on the last five minutes of the eleven o'clock news. We marvel at the details of each financial fiasco. One can't help but wonder how could such fortune turn into such debt?

    Interesting Read:
    http://www.legalzoom.com/legal-artic...-Bankrupt.html
    Tags: None
    • Juicy D. Links
      So Fucking Banned
      • Apr 2001
      • 122992
      #2
      hi kuniiiiiiiiiii

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        • Persius
          Tap into MOBILE!
          • Jul 2003
          • 11779
          #3
          Originally posted by Juicy D. Links
          hi kuniiiiiiiiiii

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            • JFK
              FUBAR the ORIGINATOR
              • Jan 2002
              • 67373
              #4
              how true, "When celebrity hits and the paychecks roll in, they don't come with sound financial advice attached"

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                • lagcam
                  Confirmed User
                  • Jul 2007
                  • 2890
                  #5
                  That article is from September 2008.

                  You didn't notice something was up when it talked about Michael Jackson in the present tense?
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                    • KILL_FRENZY
                      Confirmed User
                      • Aug 2006
                      • 6184
                      #6
                      Originally posted by lagcam
                      That article is from September 2008.

                      You didn't notice something was up when it talked about Michael Jackson in the present tense?
                      True. But that doesn't make anyone any less bankrupted
                      Fuckers can't manage their huge mountains o' money to save their lives, am I supposed to pity them?

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                        • L-Pink
                          working on my tan
                          • Mar 2005
                          • 39151
                          #7
                          Latest, Nicholas Cage broke and owes millions.


                          .

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                            • kane
                              Too lazy to set a custom title
                              • Aug 2001
                              • 20684
                              #8
                              It is pretty simple how it happens. Most people who have a hit movie don't have much of a career. Think about the big TV stars of the 90's. Most of them are nowhere to be seen today. These people spend like it will never end while they have it and then one day the money faucet turns off just as fast as it turned on. Only now they have a ton of debt to deal with.

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                                • TisMe
                                  Confirmed User
                                  • Aug 2008
                                  • 1719
                                  #9
                                  Athletes and all entertainers are very similar. They make a lot of money for a short time and there is no way to predict how long that time is or when it will end.

                                  Many struggle to maintain the lifestyle years after the income has stopped and that makes it even worse.

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                                    • pornguy
                                      Too lazy to set a custom title
                                      • Mar 2003
                                      • 62912
                                      #10
                                      The same way it does around here
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                                        • Spunky
                                          I need a beer
                                          • Jun 2002
                                          • 133986
                                          #11
                                          Hookers and blow!

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                                            • Fletch XXX
                                              GFY HALL OF FAME DAMMIT!!!
                                              • Jan 2002
                                              • 60840
                                              #12

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                                                • shimmy2
                                                  Confirmed User
                                                  • Mar 2009
                                                  • 3271
                                                  #13
                                                  Originally posted by Persius
                                                  One can't help but wonder how could such fortune turn into such debt?
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                                                    • Persius
                                                      Tap into MOBILE!
                                                      • Jul 2003
                                                      • 11779
                                                      #14
                                                      Originally posted by lagcam
                                                      That article is from September 2008.

                                                      You didn't notice something was up when it talked about Michael Jackson in the present tense?
                                                      Yes i noticed.. I never said breaking news..

                                                      I just said it's a interesting read

                                                      (But thanks for pointing out the date)

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                                                        • Persius
                                                          Tap into MOBILE!
                                                          • Jul 2003
                                                          • 11779
                                                          #15
                                                          Originally posted by Fletch XXX

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                                                            • LeRoy
                                                              Porn Pusher
                                                              • Jul 2007
                                                              • 13364
                                                              #16
                                                              Some karma goin around too ;)
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