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Trump Taj Mahal Closing Slated For November, Donald Trump Files Lawsuit

Trump Taj Mahal Closing Slated For November, Donald Trump Files Lawsuit

By Val Powell September 10, 2014

Atlantic City’s gambling industry is in danger following the announcement of the closing of one of its iconic casinos, the Trump Taj Mahal. If it closes in November, as Trump Entertainment Resorts threatened on Tuesday, Trump Taj Mahal will be …

Teri Polo, ‘The Fosters’ Star, Files Bankruptcy

Teri Polo, best known for her role as Ben Stiller’s wife on Meet the Parents, has reportedly filed for bankruptcy. According to federal court documents, 44-year-old Polo filled for Chapter 11 bankruptcy on April 14. She has a serious amount …

Quiznos Goes Bankrupt. Is This Really Surprising? Quiznos Goes Bankrupt. Is This Really Surprising?

Fast food chain Quiznos announced on Friday that it had filed for Chapter 11 bankruptcy in Delaware. The news comes within a week of pizza chain Sbarro’s filing bankruptcy papers in Manhattan, N.Y. With fast food chains filing for bankruptcy …

Drake and Josh: Drake Bell Files For Bankruptcy Drake and Josh: Drake Bell Files For Bankruptcy

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Drake and Josh alum Drake Bell is facing financial woes. According to TMZ, the former Nickelodeon star has filed for bankruptcy. The court documents state that Bell is approximately $581,000 in debt. The 27-year-old actor claims to only make $2,820 a month. However, he …

Drake Bell Of Nickelodeon Fame Files For Bankruptcy Drake Bell Of Nickelodeon Fame Files For Bankruptcy

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Former Nickelodeon child star Drake Bell is in some financial trouble. The former Drake & Josh star recently filed for bankruptcy, claiming that he’s $581,000 in debt. According to TMZ, Bell makes $2,820 a month, but his expenses run up …

Vince Young: Another Professional Athlete Goes Broke Vince Young: Another Professional Athlete Goes Broke

It’s always hard to believe that even after earning millions of dollars, some people still find a way to go broke. It is startling to hear the large contracts signed by professional athletes, but it is even more shocking to …

Detroit Bankruptcy Official, Unions Heated Detroit Bankruptcy Official, Unions Heated

“Certainly the court must conclude that the bankruptcy filing was a foregone conclusion.” After filing for protection more than four months ago, Detroit is now officially bankrupt. According to The Huffington Post, Steven Rhodes, U.S. Bankruptcy Judge, ruled Tuesday that …

Fisker Automotive Files for Bankruptcy Fisker Automotive Files for Bankruptcy

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Fisker Automotive, maker of the “Karma” plug-in electric hybrid luxury sedan, filed for bankruptcy protection last week, marking an end to a chain of failure that began after the company received a $529 million loan commitment from the U.S. Department …

Aaron Carter Has Filed for Bankruptcy Aaron Carter Has Filed for Bankruptcy

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After accruing more than $2 million in debt, Aaron Carter has made the tough decision to file bankruptcy. Bankruptcy never sounds like a good thing, however Carter’s publicist, Steve Honig, says it is a positive step for Carter, and will …

BlockBuster U.K. Enters Administration, Again BlockBuster U.K. Enters Administration, Again

In January of this year, Blockbuster U.K. announced that it was entering administration, the British version of a bankruptcy filing. The company began closing dozens of its stores and laid off hundreds of employees while getting into shape for a …

Arcapita Bahrain US Bankruptcy Exit a 1st for US Arcapita Bahrain US Bankruptcy Exit a 1st for US

Arcapita, an Islamic investment firm in Bahrain, emerged from US bankruptcy today under Chapter 11 rules. It is the first of the Gulf companies to do so. This move may help clarify how Western courts deal with Islamic finance, marking …

Kodak Bankruptcy: Company’s B2B Transition Kodak Bankruptcy: Company’s B2B Transition
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Eastman Kodak Company, in a 20 August decision filed by the US Bankruptcy Court for the Southern District of New York, received approval for a reorganization plan that may eject Kodak from Chapter 11 bankruptcy as soon as 3 September. …

Michigan AG Backs Pensioners in Detroit Case

According to The Daily News, Michigan’s Attorney General has come out on the side of retirees in Detroit who stand to lose big time if the city goes ahead with its bankruptcy plans. Republican Bill Schuette said the state’s constitution …

Man Goes Bankrupt Investing in Beanie Babies

In an interview with Dazed Digital, one man tells the story of how his father spent all his family’s money to “invest” in the Beanie Baby craze, and in the end lost $100,000 on the crazy market idea. Back in …

Detroit Pension Fund Files Suit to Stop Bankruptcy

Detroit has been beaten every which way over the past few years. The economic downturn of 2008 and beyond has left huge parts of the city a shell of its former self. In an effort to get the city out …

Twinkies Are Coming Back! But You’ll Have To Wait

Twinkies are coming back to a grocer’s shelf near you after a brief hiatus that actually felt like an eternity, amirite? Metropoulos & Co., one of the companies that bought the rights to several Hostess items when they went bankrupt …

Sinbad: Bankrupt And $8 Million In Debt
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Sinbad, the popular ’90s comedian and sitcom star, is reportedly into the IRS for some major money, and filed for bankruptcy in April The 53-year old actor allegedly owes more than $8 million to the IRS and several hundred thousand …