Cambridge Analytica Announces Closure, Files for Bankruptcy

Cambridge Analytica, the controversial firm embroiled in the mishandling of Facebook user data, has announced its shut down on Wednesday. Its British parent SCL Elections Ltd. will also be shuttered as the data analytics company reported a significant decline in…

50 Cent Now Ordered To Pay Even More, Despite Filing For Bankruptcy

50 Cent said he had a decent legal team, but he may be wondering that now. After 50 Cent took the shrewd measure of filing bankruptcy in Connecticut to protect himself from being sued into the poor house, a jury…

50 Cent Bankruptcy Like Donald Trump’s; He’s Not Broke

Last week, rapper 50 Cent was ordered by a court to pay $5 million to a Florida mom for posting a sex tape of her online. This week, 50 Cent filed bankruptcy. While there have been lots of speculation about…

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

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…

Scottie Pippen’s Defamation Lawsuit Gets Rejected By Supreme Court

On Monday, the Supreme Court rejected an attempt to revive a defamation lawsuit filed by former Chicago Bulls player Scottie Pippen against media outlets that falsely reported he filed for bankruptcy. In 2011, Pippen sued CBS Interactive Inc., NBC Universal…

Sbarro Out of Bankruptcy, Moving its Headquarters

Pizza restaurant chain Sbarro this week announced that it has officially exited bankruptcy. According to a New York Times report, the company’s reorganization plan was approved all the way back on May 19. That plan took effect for the company…

Mekhi Phifer Files Bankruptcy Protection, Owes Many

Mekhi Phifer has filed for Chapter 11 bankruptcy protection due to some serious debts. These debts include $1.2 million in back taxes, $50,000 in lawyer bills and $4,500 in unpaid child support, for a total of $1.3 million dollars. One…

Mekhi Phifer Files For Bankruptcy After Accruing $1.3 Million In Debt

Mekhi Phifer may be best known as Dr. Greg Pratt in NBC’s ER, but he’s in the news again for his extravagant expenses that have led to bankruptcy. TMZ is reporting that Phifer has filed for bankruptcy to help absolve…

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?

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…