Tag Archives: bankruptcy

Famous Financial Flubs: Toni Braxton Owes Up to $50 Million

Grammy-winning R&B singer Toni Braxton has filed for bankruptcy protection in Los Angeles in a last-ditch effort to pay off her debts, which she estimates to total between $10 million and $50 million. She claims medical bills to treat a heart condition are behind her drained bank account. However, this isn’t Braxton’s first time in [...]

Famous Financial Flubs: Shooting Threes: Good; Holding Threes: Bad

Former NBA star Antoine Walker is the latest athlete to serve as a sad reminder of the importance of fiscal discipline. The Boston Globe recently reported that Walker, a 6’9” small forward who made at least $110 million over his 12 years in the NBA, owes more than $4 million to creditors. This comes after a [...]

The Role of Testosterone in Money Management

A new study that examines the connection between gender and finance is raising some eyebrows. Could it be that your tolerance for risk in money and career is determined by your hormones? Researchers at Northwestern and the University of Chicago are publishing their findings in an upcoming issue of Economic Sciences: “Higher-testosterone women are more [...]

Michael Vick Flew Like A Falcon But Sank Like A Rock

After rejecting a proposed plan, a U.S. Bankruptcy judge has ordered disgraced NFL quarterback Michael Vick to submit a new bankruptcy agreement by July 2nd. Vick (who was once the highest paid player in the NFL with a 10-year $130 million contract with the Atlanta Falcons) is just one of a number of celebrities and [...]