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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.

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.

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.

Halsey Minor files bankruptcy reinstatement after missing deadline

Posted on Wednesday, June 19th, 2013 at 7:43 pm    

CNET Networks, Inc. founder Halsey Minor is looking to continue his bankruptcy claim after his case was dismissed last month, noting the fault wasn’t his own but rather his attorney’s, who missed the deadline for filing bankruptcy.

Minor filed a personal Chapter 7 bankruptcy claim with the U.S. Bankruptcy Court in Los Angeles on June 7, five years after he sold CNET for $1.8 billion. However, the case was dismissed on June 13 due to a “failure to file schedules, statements, and/or plan.”

The online docket for the case also contained detailed asset lists and a roundup of the debtor’s state of affairs, information which judges require to assess whether or not to grant a bankruptcy.

Minor’s assets were listed as more than $32 million, while his debt was more than $104 million. In his reinstatement claim, he said all the necessary documents for the case have now been filed.

If, like Minor, you need to file for Chapter 7 bankruptcy, don’t hesitate to contact our offices at 713-973-6650 so that you can discuss your options with a lawyer at the Russell Van Beustring P.C.

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