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Posts Tagged ‘professional athletes’

postheadericon Debt Does not Stop with Subprime but Celebrities

My readers know that I am a researcher which is such a love of mine. A couple of days ago, I wrote a post about Professional Athletes and Marital Issues and last night when I was doing some research, this article came to my attention entitled Bankruptcy filings may hit 1.4 million.  That in itself I cannot say if that surprised me because several years ago when I was a professional writer for a blogging site and I primarily wrote on mortgages and homeownership, there were sooooo many stories about the bankruptcies being filed at that time that courthouses could not even keep up.

I digress, I continued to read because this is what caught my attention: ”

Debt problems don’t stop with subprime borrowers. Celebrities who filed for bankruptcy in July included movie actor Stephen Baldwin, who sought protection from creditors after lenders began foreclosure procedures against his home. Lenny Dykstra filed for Chapter 11 bankruptcy in a petition that says the former Major League Baseball All-Star owes between $10 million and $50 million”.

Mismanagement of money runs the gamut and believe me debt is equal opportunity celebrity or not, professional athlete or not.  Sure, I know many of you are thinking celebrities, professional athletes should have someone managing their money – and they probably do but for some obviously it is not working.

If you have not started, begin getting your finances in order today.

 

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