Charlie Sheen Bails Out Lenny Dykstra

Former major league baseball star Lenny "Nails" Dykstra was charged with bankruptcy fraud earlier this month and was held on $150,000 bail for nearly a week, before he was bailed out by a friend; and you may be surprised who. According to TMZ, Charlie Sheen fronted  $22,500 or 15% of the bail to help his friend get out of jail. What did Sheen have to say about it? Sheen told TMZ, "The rendition guilty trolls that kidnapped my dear friend Nails clearly forgot that he's a fellow Vatican assassin and his best pal is a warlock," Dykstra has previously come to Sheen's aid, hiring a top lawyer to negotiate the troubled actor's return to...

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Posted in bankruptcy fraud , charlie sheen , Lenny Dykstra

Tony Braxton Graduates from Bankruptcy School

Tony Braxton may be broke, but she is educated on how to better manage her finances this time around. According to a recent report by TMZ, the singer recently completed a court ordered class on personal financial management and has a certificate to prove it! Click Here to see the certificate, courtesy of TMZ! Braxton filed for bankruptcy last year, claiming she was in debt somewhere between 10 and 50 million dolla...

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Posted in bankruptcy , Personal Fiance Management , Toni Braxton

Deep In Debt Before You Say I Do ?

More and more Americans are finding themselves deep in debt before they say "I do" but surprisingly the topic never comes up before they commit themselves. A recent article posted in the Pittsburgh Post Gazette examines how love may be the most important part of a successful marriage, but how money can be the leading cause for divorce. "The time to talk about money is not after you walk down the aisle and say, 'I do,' " said Linda Descano, president and CEO of Women & Co. in New York. "It should become part of the conversation as soon as you realize you are in a serious relationship. "When you talk about money, it can be an emotionally...

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Posted in marriage debt , money and marriage , Wedding Debt

Ozzy Osbourne owes millions in tax debt, could bankruptcy be next ?

Tax Season is a nightmare for one celebrity couple who owes millions in taxes, could bankruptcy be in their future? One of the UK's wealthiest couples, Ozzy and Sharon Osbourne could lose their US home if they don’t pay the $2 million tax debt on it. Aside from Ozzy’s music career, Sharon has had success with the Osbourne’s reality show, being a judge on the X Factor and America’s Got Talent, and now a panelist on The Talk. Sharon was also the first of the Osbourne clan to run into tax problems, when in 2009 she was slapped with a $23,000 tax bill to the State of California for payments going back to 2007. TMZ has reported that daughter Kelly was hit with a tax lien of $34,000 last month. According to an article on SanDiego.com, "Over the last few years, Ozzy and Sharon have accumulated...

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Posted in Celebrity Bankruptcy , celebrity debt , irs tax problems , Ozzy Osbourne

Oregon Sentate Changes Business Bankruptcy

According to an article on Oregon Live, the Oregon Senate on Monday unanimously voted to increase the dollar value of business tools that can be exempted from having to be sold in bankruptcy cases. Senate Bill 935, which now moves to the House, raises the exemption for business tools - such as for plumbers or auto mechanics - from $3,000 to $5,000. Sen. Richard Devlin, D-Tualatin, said the bill would help struggling small businesses maintain the tools they need to get back on their feet after a bankruptcy.  He said the value of the exemption had not been raised in Oregon in 20 years and that Washington and California have higher...

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Posted in business bankruptcy , Oregon Sentate , Senate Bill 935

"I wanted an Erie Bankruptcy Lawyer, Someone Local"

"I wanted an Erie Bankruptcy Lawyer, someone local and that is why I chose Foster Law Offices." One Foster Law Offices client says if she would have followed what she wanted in the first place it would have saved her not only valuable time, but thousands of dollars. As the Marketing Director for Foster Law Offices, I spend hours promoting our bankruptcy business, making our website and social media applications more user-friendly and educational for our clients, and asking myself the "million dollar question" what is it, that people look for when choosing "the right" bankruptcy attorney ? I knew a local lawyer was important, but I realized...

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Posted in Chapter 11 Bankruptcy , Chapter 13 , Chapter 7 Bankruptcy , debt consolidation , Erie Bankruptcy Lawyer , Foster Law Offices , local bankruptcy attorney

Abusive Debt Collection Tactics In Dire Need of Reform

When you think of bad actors in the debt collection industry, you might conjure up an image of ruthless collection agents on the telephone shouting obscenities at grandmothers in the middle of the night trying to scare them out of their last cent. Illegal harassment does exist, but another type of abuse has been gaining more traction in the industry, consumer advocates say. Increasingly, debt collectors are filing lawsuits and winning judgments against people without the records to back up their claims, these experts say. In some cases, consumers are having their wages garnished, bank accounts frozen and liens placed on their homes...

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Posted in debt collection complaints , Debt Collectionb industrt , debt collectors