Posted on Tuesday, January 7th, 2014 at 8:32 pm
Country singer Eddie Montgomery filed for bankruptcy on Tuesday, December 31.
Montgomery filed for Chapter 7 bankruptcy. The failure of his steakhouse and the end of his marriage both presented Montgomery with considerable financial challenges.
The restaurant in Harrodsburg will be sold on January 10, and the money made from its sale will be used to help offset Montgomery’s debt. Additionally, Montgomery and his ex-wife, Tracy Nunan, will sell their home in Boyle County to offset loans from Central Bank & Trust of Lexington.
Unfortunately facing financial difficulties can be stressful, especially if you are undergoing bankruptcy for the first time. If you need legal advice for your financial situation in Houston the Russell Van Beustring P.C. has experience helping people through bankruptcy. Call us at 713-973-6650 to discuss your legal options.
Posted on Monday, December 23rd, 2013 at 4:18 pm
In mid-December, New York-based Loehmann’s Holdings Inc. filed for bankruptcy in the federal court in Manhattan.
Frieda Loehmann founded the store in Brooklyn in 1921. It has 40 stores in several states nationwide. Loehmann’s sells high-end designer products at discounted rates.
The store, owned by Whippoorwill Associates Inc., filed for Chapter 11 bankruptcy after accruing a debt of $500 million. Like many businesses in the struggling economy, Loehmann’s suffered financially when customers cut personal spending.
The legal team at the Russell Van Beustring P.C., works for business owners in Houston who face financial difficulties. Find out how a lawyer could help you get out of debt today by calling 713-973-6650.
Posted on Sunday, December 1st, 2013 at 5:16 pm
After accumulating a debt of more than $2 million, former teen sensation Aaron Carter recently sought bankruptcy protection, a report from CNN stated on Friday, November 22.
According to the article, majority of Carter’s debt was $1.3 million of unpaid taxes owed to the Internal Revenue Service, which accumulated over 10 years ago. Carter allegedly admitted that he is broke, citing his assets to be worth less than $10,000.
Aaron’s publicist Steve Honig said the pop singer is making the right decision for him to move forward.
The legal team at the Russell Van Beustring P.C., helps people in Houston with burdensome debts seek the bankruptcy protection they need. Find out how we may be able to help you get relief from overwhelming debt by calling 713-973-6650.
Posted on Sunday, November 17th, 2013 at 10:51 pm
The Chapter 11 bankruptcy case for rap artist DMX was dismissed by a federal judge on Friday, November 8 on a request of a U.S. Trustee. According to reports, Bankruptcy Court Judge Robert Drain dismissed the bankruptcy case of the 42-year-old rapper as requested by U.S. Trustee Tracy Hope Davis after he was cited for legal non-compliance.
DMX, whose real name is Earl Simmons, has a debt of $1.8 million, a large part of which is child support owed for his children. DMX was also barred from filing for bankruptcy for one year and six months.
Facing troubles with your bankruptcy filing can be stressful and frustrating. In order to make sure you are properly following all the steps and necessary regulations when filing for bankruptcy in Houston, speak with a lawyer from the Russell Van Beustring P.C. We can help you through this process when you call 713-973-6650.
Posted on Thursday, November 7th, 2013 at 8:31 pm
Another member of the English R&B group “Blue” recently filed for bankruptcy, weeks after his bandmate, James Duncan, filed for bankruptcy.
According to reports, Simon Webbe was the third member of the once famous music group to suffer from financial trouble this year. After filing bankruptcy papers at a high court in London last September, the 35-year-old singer recently announced that he is declaring himself bankrupt.
In addition to Webbe and Duncan, another “Blue” member, Anthony Costa, was also reportedly having financial problems. The former R&B group faced overwhelming debts from creditors after their company Blueworld Ltd shut down last May.
Knowing when and how to file for bankruptcy can be complicated and confusing for most people. If you are experiencing financial difficulty in the Houston area contact the Russell Van Beustring P.C., at 713-973-6650 to consult with an experienced attorney about your options.
Posted on Monday, November 4th, 2013 at 9:43 pm
According to bet.com, Rapper DMX filed chapter 11 bankruptcy, but a U.S. Trustee discovered inconsistencies in his documentation.
According to reports, U.S. Trustee Tracy Hope will try to reduce the rapper’s Chapter 11 filing to Chapter 7, which means DMX will have to sell his properties to repay his debtors.
On a recent document filed by Hope, she noted that the rapper’s debtors are disappointed with federal actions after DMX failed to appear at a meeting with his creditors last September. Hope also noted that the rapper is deliberately delaying the process. DMX, whose real name is Earl Simmons, filed Chapter 11 last July after he had accumulated a debt of $10 million.
The lawyers at Russell Van Beustring P.C. help Houston residents get out of debt. If you are facing mounting debts, call 713-973-6650 to discuss your legal options, including filing for bankruptcy, today.
Posted on Thursday, October 17th, 2013 at 8:07 pm
Court documents show that the eldest son of Ozzy Osbourne recently declared bankruptcy in a court in Birmingham. According to the documents from Birmingham County Court, 38-year-old Louis Osbourne filed the bankruptcy petition himself, but refused to go into further details of his financial struggles.
Currently, Louis, who is also a musician, lives in a semi-detached house with his wife Louise. Louis used to be a successful Disc Jockey and got his start in the 90s, working at a record bar in Birmingham. His wife has had some small participating roles in movies and has worked for Catherine Zeta Jones.
Facing financial troubles can be frightening and stressful. Fortunately, a lawyer from the Russell Van Beustring P.C., can help anyone in Houston battling financial woes to explore their legal options. Call us at 713-973-6650 to discuss bankruptcy, debt negotiation, and other options.
Posted on Tuesday, October 1st, 2013 at 1:40 pm
A fresh start awaits American rapper “Young Buck” after he gets out of bankruptcy, according to a report released on September 19.
The 32-year-old rapper from Tennessee settled a total of $391,333.59 in outstanding debt. As Young Buck exits bankruptcy, some of his creditors will not be paid, including rapper 50 Cent, who lent him $300,000.
An IRS bill totaling to $42,699 was also paid by the rapper, and more than 85 percent of claims against him have already been settled with the New York State Tax Department. The rapper, whose real name is David Darnell Brown, declared bankruptcy in 2010 after agents of the IRS took his personal properties to pay his taxes.
Sadly, many Americans struggle with debt. Bankruptcy may be the best option for eliminating unmanageable debt. If you or a loved one is struggling with financial problems in Houston, please contact an experienced attorney at the Russell Van Beustring P.C. by calling 713-973-6650 today.
Posted on Tuesday, September 24th, 2013 at 7:28 pm
There are, unfortunately, many outlets for identity thieves to gain credit card information, telephone numbers, or even social security numbers from victims.
According to the United States Department of Justice, one of the most common is through the internet. Often, these people will send out emails promising benefit if they receive your banking information. Scams like these may give thieves information they need to make fraudulent bank account withdrawals.
Another tactic used by those looking to steal identity is the “shoulder surfing” method. This is when someone looks over a victim’s shoulder as they are withdrawing money from the ATM, or listening in as the victim gives their information to their bank over the phone.
If you or a loved one have suffered losses from identity theft, the Russell Van Beustring P.C. may be able to stop the damage and help you recover from this financial issue. Please call 713-973-6650 to speak with a qualified attorney today.
Posted on Thursday, September 12th, 2013 at 6:19 pm
After it going through the bankruptcy process for almost two years, photography and imaging company Kodak will exit bankruptcy on Thursday, September 5, according to a report from USA Today. The bankruptcy court approved Kodak’s Chapter 11 bankruptcy on August 20.
The company will no longer be overseen by the U.S. Bankruptcy Court or have matters handled by the U.S. Trustee.
As Kodak emerges from Chapter 11 bankruptcy, nine persons will be assigned to its board. The company’s spokesperson Christopher Veronda also said a new trading symbol will be used by Kodak as it gets its stocks on a major stock exchange.
Kodak filed for Chapter 11 bankruptcy in January 2012 after it loses money due to the fall of film.
For many businesses, bankruptcy is the best way to escape financial troubles and burdensome debts. If your business in Houston in facing financial troubles, speak with a lawyer from the Russell Van Beustring P.C. by calling 713-973-6650 today.