bankrupt

It's been eight years since Michael Jackson's untimely death and details about his last days are still emerging.

After news broke that Nelly owed the government $2.4 million in taxes, fans took to social media to come up with ideas to save the St. Louis rapper from destitution. Of course, in no time at all, Twitter created the hashtag #HotInHerreStreamingParty in an effort to help the Grammy winner keep his assets, by listening to “Hot in […]

A California couple is facing a huge debt of $200,000 after their 27-year old daughter, Lisa Mason, suddenly died of liver failure in 2009. Pastor Steve Mason and his wife Darnelle Mason have been left with the responsibility of caring for their daughter’s three children and a student loan bill of $2,000 a month.  Because the couple […]

The travesty of all travesties has come to pass. On Monday, Crumbs Bake Shop told employees that they would be closing all shops by the end of the day. In June, NASDAQ stopped trading Crumbs stock because the company failed to meet the minimum stockholders equity requirement of $2.5 million, according to The New York Times. Once the world’s largest […]

Lady Gaga is one of the biggest superstars known to mankind at this point, but that doesn’t mean she never hits a bump in the road. Mother Monster recently revealed that she was having serious financial issues following the release of her debut album and was actually bankrupt during her 2009 Monster Ball tour. In a […]

Celebrities are getting hit with tax liens every other day, but who knew that Rihanna was facing financial difficulties? The pop star, seen here in a pair of daisy dukes leaving dinner at Giorgio Baldi in Santa Monica with her mom, recently revealed that due to her accountant mismanaging her funds, she was left effectively bankrupt […]