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

hi kuniiiiiiiiiii

:pimp:upsidedow

how true, "When celebrity hits and the paychecks roll in, they don't come with sound financial advice attached"

That article is from September 2008.

You didn't notice something was up when it talked about Michael Jackson in the present tense?

:1orglaugh True. But that doesn't make anyone any less bankrupted :winkwink:
Fuckers can't manage their huge mountains o' money to save their lives, am I supposed to pity them?

Latest, Nicholas Cage broke and owes millions.


.

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.

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.

The same way it does around here

Hookers and blow!

marriage + youth + lack of balls + willingness to please too many MFers = -$$$$$$$$$$$

Yes i noticed.. I never said breaking news..

I just said it's a interesting read :2 cents:

(But thanks for pointing out the date)

:1orglaugh:1orglaugh

Some karma goin around too ;)