David Cassidy of ‘Partridge Family’ Fame Files for Bankruptcy

I THINK I’M BANKRUPT … 

‘Partridge Family’ star David Cassidy has filed for bankruptcy protection in Florida stating he made the filing ‘to reorganize my life’ and ‘restructure my finances. Restructure his finances? David Cassidy better think about getting his life in order and get off the bottle. In January 2014, Cassidy was arrested for drunken driving, for the third DUI bust since 2010. He was sentenced to three months in rehab and five months probation. A few weeks after his January arrest, the Cassidy’s wife, Sue Shifrin-Cassidy, filed for divorce after 23 years of marriage. It is just another story of a celebrity not being able to handle fame and money and not having the responsibility to handle their affairs. the only thing David Cassidy is singing these days to his creditors is … I think I owe you.

David Cassidy has fallen on hard times: “The Partridge Family” star has filed for bankruptcy protection.

In documents filed Wednesday in Florida and obtained by People, the 64-year-old stated he has “assets and debt of up to $10 million.”

The actor’s creditors include Wells Fargo Bank ($290,000), American Express ($21,000) and Citi Bank ($17,000). Cassidy is also in debt to a Florida-based lawyer for $102,000.

“I am going through bankruptcy proceedings at the moment. This is necessary for practical reasons to reorganize my life as I go through divorce and to restructure my finances,” he said in a statement to the Daily News.

City of Detroit Declares Bankruptcy

After decades of Democrat mismanagement and corruption …  Detroit files bankruptcy.  After filing for Chapter 9 bankruptcy protection, Michigan’s takeover of Detroit is the largest state takeover of a municipality in over two decades, and if successful, Detroit would avoid the biggest municipal bankruptcy ever. However, this is what happens when you promote 50 years of “blue” state Democrat, welfare state politics of high taxes, and lavish benefits packages for public and union workers. This crash was set in motion years ago, it was only a matter of time before it reached its final conclusion.

WAKE UP AMERICA … Let Detroit, Michigan serve as an example, is this what you want for the United States?

Detroit— The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday, culminating a decades-long slide that transformed the nation’s iconic industrial town into a model of urban decline crippled by population loss, a dwindling tax base and financial problems.

Gov. Rick Snyder justified approving the historic filing by reciting a litany of the city’s ills, including more than $18 billion in debt, maxed-out tax rates, the highest murder rate in 40 years, 78,000 abandoned buildings and a half-century of residential flight. He said the city failed to provide basic services to residents or pay creditors.

The Gateway Pundit has a list of the failed Democrat Mayors for the past 50 years. Detroit has not had a Republican Mayor since 1961. Sorry Dems, you own Detroit and the catastrophic events that have building to this point where they have no alternative but to file bankruptcy.

The city of Detroit filed for Chapter 9 bankruptcy protection.

The city of Detroit filed for Chapter 9 bankruptcy protection in federal court Thursday, laying the groundwork for a historic effort to bail out a city that is sinking under billions of dollars in debt and decades of mismanagement, population flight and loss of tax revenue.

The bankruptcy filing makes Detroit the largest city in U.S. history to do so.

The filing begins a 30- to 90-day period that will determine whether the city is eligible for Chapter 9 protection and define how many claimants might compete for the limited settlement resources that Detroit has to offer. The bankruptcy petition would seek protection from creditors and unions who are renegotiating $18.5 billion in debt and other liabilities.

Electric Car Maker Coda Files For Bankruptcy

Another Obama “green” energy company fails miserably … Another One Bites the Dust.

According to the WSJ, electric car maker Coda has filed for chapter 11 bankruptcy. The company’s lone passenger car, the CODA sedan debut in March 2012 went poorly; less than 100 units were sold. 100!!! Or what we like to call Obamanomics in action. The company blamed the car’s flop on a variety of factors, including stunted demand for electric vehicles, adverse macroeconomic conditions and insufficient capital to effectively market the car. The fact of the matter is no one is going to pay $38,000 for am electric car. There is no demand for them and if there were the price would have to be cut in half and that does not men by getting a federal government rebate.

Electric car maker Coda Holdings Inc. filed for Chapter 11 protection from creditors after pronouncing its $38,000 sedan “a commercial disappointment” and failing to sell its assets outside of bankruptcy.

The company’s lone passenger car, the CODA sedan, was plagued by delays. Its eventual market debut in March 2012 went poorly; less than 100 units were sold, “falling well short of the company’s expectations,” according to the Los Angeles company’s bankruptcy filings.

A group of lenders led by an affiliate of Fortress Investment Group FIG 0.00%is offering about $25 million for the assets and may use debt to cover that price, according to documents filed in a Wilmington, Del., bankruptcy court. The group also is providing the company with a $5 million loan intended to keep Coda afloat as it navigates Chapter 11

Casey Anthony to Appear in Bankruptcy Court in Tampa, FL Today

The Teflon Tot-mom to appear in Court …

Casey Anthony will  come out of her hole Monday after a federal judge ordered her to appear in court. Anthony, the tot mom known for getting away with murder, will attend a bankruptcy hearing with her creditors Monday afternoon at 1:30 p.m. in Tampa, Florida. That’s because Monday’s hearing in Tampa is in the federal courthouse, and cameras of any kind are not yet allowed in federal court. Casey Anthony is claiming she only has about $1,000 in assets and $792,000 in liabilities. So what are the odds that the second that Casey is allowed to file bankruptcy that she signs a book or movie deal? Oh, that could never happen. Then again, we never thought that she would ever been found “not guilty as sin” in the death of little Caylee Anthony. This woman has skated every inch of the way, what is to prevent her this time?

Casey Anthony will be coming out of seclusion for a meeting with the creditors in her bankruptcy case in Tampa.

The bankruptcy meeting is taking place Monday.

Anthony filed for bankruptcy in Florida in late January, claiming about $1,000 in assets and $792,000 in liabilities. Court papers list Anthony as unemployed, with no recent income.

UPDATE I: Casey Anthony meets with creditors in Tampa to discuss her bankruptcy case.

Anthony filed for bankruptcy in Florida in late January, claiming about $1,000 in assets and $792,000 in liabilities. Court papers list Anthony as unemployed, with no recent income.

Her listed debts include $500,000 for attorney fees and costs for her criminal defense lawyer during the trial, Jose Baez; $145,660 for the Orange County Sheriff’s office for investigative fees and costs; $68,540 for the Internal Revenue Service for taxes, interest and penalties; and $61,505 for the Florida Department of Law Enforcement for court costs.

The filling also stated that she was a defendant in several lawsuits, including one brought by Zenaida Fernandez-Gonzalez for defamation in Orange County Circuit Court.

The Teflon Victim: Casey Anthony Files for Chapter 7 Bankruptcy in Florida Owing Nearly $800,000 in Debt

This is just criminal … And once again Casey Anthony will skate on accountability.

Casey Anthony has filed Chapter 7 bankruptcy petition in Florida of which claims that she owes approximately $800,000 in debt to 80 creditors. Most of the incurred debt as per the court docs is owed to her defense attorneys, the same one’s who some how got her off of murder charges in the death of her daughter Caylee Anthony. A jury found her “not guilty as sin”. A Chapter 7 bankruptcy filing is meant to allow one to do away with most existing debts and make a fresh start financially. Isn’t this special, as if nothing had ever happened.

Casey Anthony, The Teflon victim

According to NBC News, Casey Anthony owes the following in debt as per her bankruptcy court filings:

Anthony’s bankruptcy filing said she had only $1,084; here are her main debts, according to the Sentinel report:
•About $500,000 to defense attorney Jose Baez
•$145,660.21: Orange County Sheriff’s Office
•$68,540: Internal Revenue Service
•$61,505: Florida Department of Law Enforcement
•$10,283.90: to the Metropolitan Bureau of Investigation

So what is going to happen when her bankruptcy petition is granted, her debt is voided and then she signs a $1 million contract for the movie deal? This nightmare just will not end.