Bankruptcy Blog Archives

From politicians to businessmen, bankruptees display wide variety of circumstances March 30, 2011 By Mike Hinshaw Sometimes high-profile bankruptcies are celebrities such as movie stars, sports figures or high-roller business types. Sometimes, though, they’re politicians. For instance, just last month we learned of Rep. Ruben Hinojosa’s (D-TX) filing, apparently driven by being unable to repay [...]

First in a series of instructive cases of bankruptcies involving celebrities, officials or other high-profile cases: most present examples of ‘what not to do’ March 28, 2011 By Mike Hinshaw Sometimes celebrity bankruptcy is interesting merely because of the celebrity: the particular individual, a favored person with whom we sympathize or, perhaps,  schadenfreude in the [...]

According to real estate data collected by RealtyTrac, foreclosures rose to a record 1.05 million last year, eclipsing the previous record of 918,000 a year earlier. That means 26% of all homes sold in 2010 were foreclosures. 2.9 million homes received foreclosure notices in 2010, with 20% more than that total expected to be in [...]

Muhsin Muhammad, born Melvin Campbell, is a retired American football player who played for the Carolina Panthers of the National Football League. He played wide receiver, was selected to the Pro Bowl in 1999 and 2004, was a Super Bowl record holder, and was given credit for being a touchdown dance pioneer. Muhammad received an [...]

Denny Hecker, the embattled former owner of two dozen auto dealerships as well as other businesses in the Minneapolis area, filed for bankruptcy in 2009 after credit from lenders he is accused of defrauding dried up. He was indicted on federal criminal charges in February of 2010 on 25 felony counts including money laundering, conspiracy [...]

John Fife Symington III was the 19th Governor of Arizona from 1991 until his resignation in 1997. Symington, in 2007, admitted to witnessing the famous 1997 Phoenix Lights UFO event while still Governor at the time. As Governor, he downplayed the event explaining later he did so to avoid public panic. Two years prior to [...]

Image via Wikipedia Born to Chalmers and Carol Hamill of Chicago, Illinois in July of 1956, Dorothy Hamill was destined for ice skating greatness. She eventually became the 1976 National, World and Olympic champion, but   moved on after that to the Ice Capades where she was a headliner from 1977–1984. Due to competition and changing [...]

Cover of David Crosby David Cortlandt Crosby is an American guitarist, singer and songwriter who was inducted into the Rock and Roll Hall of Fame. Crosby got his start and fame by being a founding member of The Byrds, Crosby, Stills & Nash, and CPR, three popular rock bands performing in the 60s, 70s, and  [...]

You might think that being a Dallas Cowboy making millions of dollars a year as one of the greatest wide receivers to ever play the game would guarantee you financial success, but if you thought so, you would be absolutely wrong. According to a Sports Illustrated story published March 23, 2009, “by the time they [...]

Image via Wikipedia Most of you who live in or around Washington DC will remember the name of George Stanley McGovern, the statesman -from South Dakota who served his country for 24 years as a Democratic Senator, then lost the Presidential election to Richard Nixon by a landslide. What many of you may not know [...]