All posts containing the tag: "bankrupt"
Posted Oct 28th 2009 12:07AM by TMZ Staff
Being broke usually means it's time to make sacrifices, but not for Michael Madsen -- dude declared bankruptcy, then allegedly racked up $80,000 in unpaid rent on a mansion ... and now faces eviction.
According to docs filed last Thursday in Los Angeles Superior Court, the owner of Michael's luxury Malibu home claims the "Kill Bill" actor skipped out on his $20,000/month rent four months in a row ... and now owes $80,000.
If he doesn't pay up, Michael could be homeless -- according to the docs, the owner intends to evict him if the debt isn't covered.
It's unclear how Michael planned to pay his rent since he filed docs for bankruptcy back in June, which say his net monthly income was $-3,392.
Filed under: Celebrity Justice, Exclusives
Tags: bankrupt, bankruptcy, eviction, kill bill, KillBill, michael madsen, MichaelMadsen
Posted Sep 28th 2009 11:00AM by TMZ Staff
Pam Anderson -- former actress/financial maven -- is coming out with both barrels blazing to refute reports she's gone bankrupt.
According to an article that made the rounds, Pammy is allegedly more than $1.2 million in debt -- including over $600k to a construction company that filed a lien against her.
Pam released the following statement:
"It is true that I am in a dispute with some of the contractors working on my home. This is because after paying millions of dollars to build the house I continue to get bills from the contractors. My lawyers are reviewing the work done to see if the bills are fair. If they are, they'll be paid. If they aren't, they won't be."
But Pam does seem to hint at some financial issues, saying, "Mistakes may have been made in calculating taxes owed and we are now in the process of ensuring that any taxes owed are paid."
Warren Buffet, she ain't.
Filed under: Gossip/Rumors, Pamela Anderson
Tags: bankrupt, baywatch, broke, pam anderson, PamAnderson, pamela anderson, PamelaAnderson
Posted Sep 11th 2009 10:00AM by TMZ Staff
Famed photog Annie Leibovitz has managed to stave off losing her entire legendary portfolio -- but there's still the pesky matter of the $24 million she owes.
Leibovitz got so deep into financial debt, she took out the loan last year and put up her homes -- and her entire photo library -- as collateral.
Art Capital Group has agreed to withdraw its lawsuit against Leibovitz for failing to pay back her loan on time. They've agreed to restructure their agreement and push back the due date -- which was last Tuesday.
Filed under: Celebrity Justice
Tags: annie leibovitz, AnnieLeibovitz, bankrupt, debt, lawsuit, photog, photographer, vanity fair, VanityFair
Posted Jun 24th 2009 1:45AM by TMZ Staff
Nothing ruins a good friendship like money -- so it's safe to say Pierce Brosnan and Quentin Tarantino won't be talking to Michael Madsen anytime soon.
Seems Madsen is in debt to both guys big time. According to bankruptcy documents Madsen filed earlier this month, he owes $25,000 to 007 -- but he's into QT for a cool $1 million!
Pierce and QT shouldn't hold their breath while they wait for the "personal loans" to get paid back -- Madsen is almost a total of $4 million in the hole, and the docs say his net monthly income is $-3,392.
Filed under: Celebrity Justice
Tags: bankrupt, bankruptcy, kill bill, KillBill, michael madsen, MichaelMadsen, pierce brosnan, PierceBrosnan, quentin tarantino, QuentinTarantino
Posted Mar 2nd 2009 5:25PM by TMZ Staff
With California bankrupt and in a drought emergency, Governor Arnold Schwarzenegger spent a beautiful Sunday afternoon riding his bike with his bodyguards.
How does the 61-year-old find the time?!
Filed under: Paparazzi Photo, Celebritoyz, Politix, Arnold Schwarzenegger
Tags: Arnold Schwarzenegger, ArnoldSchwarzenegger, bankrupt, bicycle, billions, california, debt, deficit, governor, millions
Posted Feb 17th 2009 3:30AM by TMZ Staff
The stock and housing markets have crashed, people are losing jobs by the thousands everyday. But now there is an undeniable marker of hard times: Part of The Donald has gone belly up.
Trump Entertainment Resorts Inc. filed for Chapter 11 this AM in a New Jersey bankruptcy court. The company had until today to reach an agreement with bond holders to restructure $1.25 billion in debt.
D.T. resigned from the board on Friday.
Filed under: The Rich Life
Tags: bankrupt, bankruptcy, Chapter 11, Chapter11, Donald Trump, DonaldTrump, The Donald, TheDonald, Trump Entertainment Resorts, TrumpEntertainmentResorts
