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GRAND RAPIDS BANKRUPTCY ATTORNEY – CELEBRITY BANKRUPTCY When you are facing financial problems and have questions about your bankruptcy options in the Grand Rapids area, it is important to have the representation of a good bankruptcy attorney. Krupp Law Offices P.C. has been providing quality bankruptcy representation for over 85 years. If you are facing financial problems or have questions about bankruptcy, call the bankruptcy attorneys at Krupp Law Offices P.C. for a free phone consultation. During your phone consultation, our attorneys will provide you with immediate answers to your questions and schedule an appointment with one of our bankruptcy attorneys. Call Krupp Law Offices P.C. at 616-459-6636.
CELEBRITY BANKRUPTCYYou are not alone. Here is a short list of famous people that had financial problems at one point during their life.
Kim Basinger Kim Basinger filed for bankruptcy in 1993. The actress lost a $8.1 million lawsuit to Main Line Pictures for backing out of the eventual bomb, "Boxing Helena." She had to sell her $20 million town investment in Braselton, Ga.
Larry King Larry King racked up substantial debts in the '70s and declared bankruptcy in 1978.
Gary Coleman Once one of the highest paid child-actors of all-time, Gary Coleman filed for bankruptcy in 1999, pointing the finger at expensive medical problems and financial mismanagement.
Walt Disney There's no bankruptcy in the Magic Kingdom, but Uncle Walt's first business venture, "Laugh-O-Gram," wasn't quite as successful as his future ventures and he was forced to declare bankruptcy in the early 1920s.
MC Hammer In 1996, MC Hammer (Stanley Burrell) was $13.7 million in debt due to his new found lavish lifestyle that included a $30 million mansion.
Mike Tyson Tyson earned a reported $300 million in his boxing career but somehow managed to wind up in 2003 with $27 million debt thanks to a lifestyle that reportedly demanded $400,000 a month to maintain.
Dorothy Hamill America’s ice-skating princess Dorothy Hamill made an ill-fated purchase of Ice Capades, having to eventually sell the company in 1995 and filing for bankruptcy in 1996.
Debbie Reynolds Hollywood sweetheart Debbie Reynolds’ 1997 bankruptcy stemmed from her Las Vegas hotel, the Debbie Reynolds Hotel and Casino, which eventually flopped.
Lorraine Bracco Bracco filed for bankruptcy in 1999, after legal fees and taxes from a five-year legal battle with ex-Harvey Keitel over custody of their daughter Stella.
Wayne Newton The Vegas showman filed for bankruptcy in 1992 with $20 million in debt. He and his finances recovered, but in 2005, the IRS claimed he owed them $1.8 million in back taxes.
Toni Braxton Braxton was $3.9 million in debt from financial mismanagement when she filed for bankruptcy, and all of her household possessions, including the two Grammys she won, were priced to sell so she could pay off her creditors.
Marvin Gaye The “Let’s Get It On” crooner filed for bankruptcy in 1976 after the royalties from his next album were promised to his ex-wife as an alimony substitute. The album was titled “Here, My Dear.”
LaToya Jackson LaToya may not be as talented as brother Michael, but shares his financial management skills. The lesser Jackson filed for bankruptcy in 1995 after trying her hand at a singing career.
Willie Nelson The country legend owed the I.R.S. $16.7 million in 1990, forcing the government agency to seize his bank accounts and real estate. Nelson released an album titled “The IRS Tapes: Who’ll Buy My Memories?” to pay them what he owed.
Donald Trump Famed entrepreneur Donald Trump was $900 million in debt in 1990, but clawed his way back to the top after financial restructuring and hosting his hit reality show, “The Apprentice.”
Randy Quaid Quaid and his wife, Evi, filed for bankruptcy in 2000, ironically caused by a film the couple made called "The Debtors". According to the L.A. Times, the couple had assets of $3.4 million but debts of $3.5 million.
Burt Reynolds Reynolds was $10 million in debt when he filed for bankruptcy after his 1996 divorce.
John Wayne Bobbitt Not only did Bobbitt suffer an unfortunate injury inflicted by his ex-wife, he also found himself in bankruptcy.
Mickey Rooney The longest-working star in Hollywood filed for bankruptcy in 1996 over a $1.75 million debt owed to the IRS.
Cyndi Lauper She's so unusual... and, at one point, so insolvent. Lauper filed for bankruptcy in 1981 before becoming an '80s icon.
Don Johnson The "Miami Vice" star's company filed for bankruptcy in 2004 to avoid having his Colorado ranch sold at auction. Johnson owed $930,000 to a bank and, among other debts, $5,500 to an Aspen grocery store
Tia Carrere "Wayne's World" actress Tia Carrere filed for bankruptcy early in her career.
Francis Ford Coppola The "Godfather" director has had his share of financial apocalypses from financing his films. His Zoetrope production company filed for bankruptcy in 1990.
Corey Haim The former child star and one half of "The Two Coreys" reality show filed for bankruptcy in 1997.
Isaac Hayes It was hot buttered bankruptcy for the soul singer in 1976. He and his wife owed over $6 million.
Ted Nugent The Nuge went bankrupt in the late 1970s.
George Clinton Bankruptcy is not funkadelic... but the lead singer of Parliament had to declare it in 1985.
Zsa Zsa Gabor She's been married seven times, but it was a libel lawsuit, not a divorce, that landed Zsa Zsa in bankruptcy court.
Tom Petty Musician Tom Petty was $500,000 in debt in 1979 when he filed for bankruptcy.
Margot Kidder She played Lois Lane in "Superman," but Margot Kidder didn't have anyone to rescue her in real life. Her bankruptcy in the 1990s was due to $600,000 of debt accrued from medical bills for an injury the star received on set.
Meat Loaf Battles and lawsuits between The Loaf and various managers and publishers left The Loaf bankrupt in the early 1980s.
Lenny Bruce Legendary comedian Lenny Bruce was declared a 'bankrupt pauper' in 1965.
Anna Nicole Smith Anna Nicole had her fair share of financial insanity during her lifetime - filing for bankruptcy in 1996 after a former employee sued her for sexual harassment - and won - an $830,000 award.
Heidi Fleiss The Hollywood Madam declared bankruptcy in 1998 after getting of jail. She claimed to be $269,000 in debt.
P.T. Barnum Showman and Ringling Brothers & Barnum & Bailey Circus founder P.T. Barnum went bankrupt in 1871. GRAND RAPIDS BANKRUPTCY ATTORNEY If you are facing financial problems, a good bankruptcy attorney is not optional, it is a requirement! Our bankruptcy attorneys can answer your questions with straight talk. Having the right bankruptcy attorney on your side can relieve your stress during difficult financial times. Our bankruptcy attorneys have over 85 years of bankruptcy experience. We can provide you with excellent bankruptcy representation. Krupp Law Offices P.C. is located in downtown Grand Rapids, Michigan and has the right bankruptcy attorney for you. We represent clients in all bankruptcy matters throughout West Michigan, including the cities of Grand Rapids, Holland, and Grand Haven, and the counties of Kent, Ottawa, Allegan, Barry, Newaygo, Montcalm, Muskegon, and Ionia. Our office can help. KRUPP LAW OFFICES P.C. 161 Ottawa NW Suite 201 Grand Rapids MI 49503 616-459-6636 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it ASK A GRAND RAPIDS BANKRUPTCY ATTORNEY A QUESTION
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