Category Archives: General

Jack Osbourne Soon to be Divorced

After having their third child, Lisa Osbourne files for divorce. The couple has been together since 2012, having three little girls over the past 6 years. They both posted on social media saying it was best for them and they … Continue reading

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Debt leads to Truck Operator Suicide

In Mansa, India there was a recent suicide by train. The 28 year old man by the name Baljinder Singh had recently been overcome in debt. He was a truck operator with originally 2 trucks, but had to sell one truck … Continue reading

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Man Drives into Lake over Divorce

Wednesday night at 2 am a couple had crashed into Port Orange Lake in Volusia. The man driving was upset because his wife wanted a divorce, he then intentionally drove off the road and into the lake. The wife has … Continue reading

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Corporate Tax Rates After the New Tax Cuts and Job Act

For years, almost every taxing system was broken down into a bracket system. C Corporations were paying on a tax bracket for up to $50,000 at a rate of 15%, more than $50,000 to $75,000 at 25%, 34% for incomes … Continue reading

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Bunching Gifts after the Tax Cuts and Job Act of 2017

There were several changes in taxation after the enactment of the Tax Cuts and Job Act of 2017, lifetime gifts benefited in most regards. Bunching allows 2-3 year’s worth of donations in a given tax year which can then be … Continue reading

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Toys ‘R’ Us, $348 Million in fees over Bankruptcy

In early spring of 2017 the company wanted to refinance roughly $200 million of their $5 billion debt. The company faced low holiday income and had to file for bankruptcy and move to close stores. More than 30,000 company employees … Continue reading

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Applebee’s Franchisee with 150+ Restaurants Files for Bankruptcy

An Atlanta-based Applebee’s RMH Franchise filed for chapter 11 protection. The filing estimates that the company owes between $100 million and $500 million across the 163 restaurants. The restaurants located across 15 states will continue to operate during the bankruptcy … Continue reading

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Man Behind Bars for Bankruptcy Fraud and Identity Theft

A Connecticut man by the name of Joel C. Riley was recently arrested and charged with conspiracy to commit bankruptcy fraud as well as identity theft. Riley origionally tried claiming power of attorney for an ill woman in order to … Continue reading

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TI’s Restaurant: Pending Lawsuits and Bankrupt

The famous rapper cannot catch a break with his now-closed restaurant; before it was lawsuits from previous employees and now it is the filing for Chapter 7 bankruptcy. Both TI and his business partner own 40% stake in the company … Continue reading

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American Chopper Star Finances Revealed

Paul Teutul, in bankruptcy, recently disclosed some key finances. His assets including his car, boat, trailer, land and gun collection total a worth of over $411,673; his monthly expenses outweigh his income by roughly $4,000. The TV star has over … Continue reading

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