Home  >  Archive by category "Bankruptcy"

Montgomery Gentry member recently filed for bankruptcy

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.

 

Aaron Carter seeks bankruptcy protection

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.     

DMX’s bankruptcy petition tossed

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.

Pop star files for bankruptcy

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.

 

Ozzy Osbourne’s son Louis declared bankrupt

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.

Less homes repossessed and foreclosed on in June

Posted on Wednesday, July 10th, 2013 at 9:13 pm    

Less U.S. homes were repossessed or were foreclosed on this June, according to RealtyTrac Inc., which may mean that the country is slowly getting out of the housing bust rut.

Lenders started the foreclosure process on 57,286 homes last month, the lowest in 7 ½ years, according to RealtyTrac Inc.’s database on Thursday, July 11. Additionally, the number of repossessed homes went down to 35,507 homes last month, marking a 9 percent drop from May and around a 45 percent drop from last year.

The firm said foreclosures will roughly reach 800,000 at the end of this year, which is considerably less than the 1.1 million foreclosures recorded last year.

RealtyTrac vice president Daren Blomquist said that according to their observation, foreclosures continue to be a state and local market problem, but that the situation has gotten less serious on a national scale.

When facing outstanding debts and potential foreclosure on your home in Houston, contact the Russell Van Beustring P.C. at 713-973-6650. We can help you understand your legal options and get back on track financially.

Medical bills one of top reasons for personal bankruptcy

Posted on Tuesday, July 2nd, 2013 at 9:11 pm    

According to price-comparison website NerdWallet Health’s vice-president Christina LaMontagne, rising medical bills will be the cause of 1.7 million American household bankruptcies this year, surpassing credit card bills and mortgage payments.

LaMontagne said 25 million people in the U.S. hesitate to readily treat their illnesses due to low funds, which is dangerous because they typically actually worsen their financial situation with emergency visits to the hospital and ambulance costs.

Even those millions of Americans who have year-round health coverage are still subjected to high amounts of bills, with 11 million people expected to take on additional credit-card debt to pay for medical bills, LaMontagne said.

Moreover, 15 million people will use up their savings to cover medical bills, while another 10 million people will have to forgo rent, food, and utilities payment in order to cover medical payments, NerdWallet estimates showed.

Filing for bankruptcy is often a viable option for people facing mounting debts, allowing them to often take control of their financial situation. Should you decide to file for personal or business bankruptcy, talk with a lawyer at Russell Van Beustring P.C., by calling 713-973-6650.


As Seen On...