Tag Archives: Debt

Toys R’ Us Files for Bankruptcy and will be Closing All U.S. Stores

Toys R’ Us has filed for bankruptcy and has announced that it will be closing all of its stores in the United States.  Before filing for bankruptcy, Toys R’ Us obtained a $3.1 billion loan in order to try and … Continue reading

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Claire’s Files for Bankruptcy

The fashion accessories store, Claire’s, has filed for bankruptcy.  It is not yet clear if the business will remain open and simply switch to another owner or simply shut down. If you have a business that is struggling and would … Continue reading

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Actor Joey Lawrence Files for Bankruptcy

Actor Joey Lawrence, known for working with Melissa Joan Hart, has filed for bankruptcy with his wife after his show was cancelled after five seasons.  In 2015, Joey stated he made $534,000, but in 2016 Joey made $58,000.  At the … Continue reading

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Missouri Hospital Files for Bankruptcy

The Iron County Hospital District, located in Pilot Knob, Missouri, filed for bankruptcy.  At the time of its filing, it had less than $50 million in debt and less than $10 million in assets.  If you are thinking of filing … Continue reading

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American Chopper Star Files for Bankruptcy

Paul Teutul, a star of the television show American Chopper, has filed for Chapter 13 bankruptcy in New York.  His bankruptcy paperwork states he owes approximately 50 creditors over $1 million.  In addition, he states that his monthly income is … Continue reading

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Toys R’ Us Plans to Close More Stores

Toys R’ Us plans to close another 200 stores and lay off a significant portion of its staff.  The toy store previously announced that it would close 180 stores and lay off around 4,500 workers.  Before filing for bankruptcy, the … Continue reading

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Kansas Payday Lender Goes to Jail for 16 Years

A Leawood businessman, Scott Tucker, is going to jail for 16 years and 8 months for operating an illegal payday loan business.  Mr. Tucker was convicted of 14 criminal counts related to a $2 billion payday loan business.  If you … Continue reading

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Penthouse Magazine Files Bankruptcy Again

For the third time, Penthouse Global Media, Inc., an offshoot of the adult entertainment magazine, has filed a Chapter 11 bankruptcy.  The company is currently owned by a woman who wants to open up “breastaurants” to compete with Hooters.  If … Continue reading

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David Cassidy’s Estate is Sued over $120,000 Legal Bill

David Cassidy’s estate is being sued by multiple Florida attorneys who claim the deceased actor owes them money.  The lesson here is: you should pay your attorneys, even after you are dead.  If you are struggling financially and would like … Continue reading

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Gunmaker Remington May File for Bankruptcy

Remington Outdoor Company, Inc., a U.S. maker of firearms, may be filing bankruptcy soon. Remington asked for a forbearance from its creditors as it has around $950 million in debt. If you have a business that is going under and … Continue reading

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