Tag Archives: the-bankruptcy

BOSSIP Exclusive: Bankrupt Ex-CSI Star Gary Dourdan Demands $110K Settlement For Beating Ex Erased!

Posted on February 17, 2016 by Benny Hollywood

Troubled Star In Bankruptcy Court Ex-CSI star Gary Dourdan is demanding the $110,000 debt he agreed to pay his ex-girlfriend – after accusing him of brutally beating her – be tossed now that he’s bankrupt. Dourdan filed for Chapter 11 bankruptcy in September 2014, stating he had $988,000 in assets and $1.46 million owed to creditors. His assets included $20 cash on hand $1,000 in his savings, one grand in household items, another grand in clothing and a $1,000 watch. His debts include $949,000 on his L.A. home mortgage, more than $200,000 in back taxes, $1,400 to American Express, $626 to Time Warner, $4,368 in fees due to his criminal probation, $2,000 to a Marina Del Rey hospital, more than $2,000 for a storage unit and $130 for a traffic ticket. He lists himself as an actor/musician and makes $11,500 a month but his expenses total $11,302 leaving him only with $198 in leftover cash. Then shortly after he filed the petition, Dourdan’s ex-girlfriend Nicole Cannizzaro headed to court in the bankruptcy and sued the the actor. Back in 2012, Cannizarro sued Dourdan for assault and battery, accusing him of attacking her at his apartment. She said during the attack he punched her in the face and dragged her across the apartment. The ex-girlfriend said the actor beat her so badly that her nose was broken. Continue reading →

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Detroit: Bankrupt!

Posted on July 19, 2013 by Benny Hollywood| Leave a comment

Detroit is bankrupt. As in out of money. The major American city’s well-documented financial problems have apparently worsened beyond anyone’s expectations. Once emblematic of industrial clout, Detroit became the biggest U.S. city to file for bankruptcy today, its finances ravaged by years of decline. The bankruptcy filing, which had been feared for months, leaves Detroit’s future on an uncertain course, to say the least, in the years ahead. Officials say that laying off municipal employees, selling off assets, raising fees and scaling back basic services are all possibilities going forward. They felt this was their only way to move forward at all, however. “Only one feasible path offers a way out,” Gov. Rick Snyder said. Kevyn Orr, a bankruptcy expert hired by the state to stop Detroit’s fiscal free-fall, filed under Chapter 9, the bankruptcy system for cities and counties. Orr said Detroit would continue paying its bills and employees. The city’s woes have piled up for generations. In the 1950s, its population grew to 1.8 million people, many lured by plentiful, well-paying auto jobs. But like many cities, Detroit declined along with the industry, and as developers starting building suburbs. Today, the population hovers around 700,000. Orr was unable to persuade creditors, unions and pension boards to take pennies on the dollar to help with the city’s massive financial restructuring. Orr said he “bent over backward” to work with creditors, rejecting criticism that he was too rigid. “Anybody who takes that position just hasn’t been listening.” While its outcome is uncertain, the bankruptcy could last through summer or fall 2014, which coincides with the end of Orr’s 18-month appointment. Snyder determined earlier this year that Detroit was in a financial emergency comprising a “never-ending cycle” without a plan for improvement. “The citizens need and deserve a clear road out,” he said. “The city’s creditors and public servants, deserve to know what promises the city can and will keep.” “The only way to do those things is to radically restructure the city and allow it to reinvent itself without the burden of impossible obligations.” No matter what, at least they’re not simply giving up … Family Guy Clip: Detroit Gives Up

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Detroit: Bankrupt!

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