While Justin Bieber is on his way out of his Calabasas, CA neighborhood, Toni Braxton is on her way in! The singer/reality star just purchased a $3 million, 4 bedroom/5 bathroom home inside of JB’s gated community The Oaks, and though it’s the smallest house in the neighborhood…it’s a far cry from the bankruptcy Toni filed in 2010 with debts up to $50 million! Reality TV is a gift and a curse, huh?
NFL: Vince Young Files For Bankruptcy
Damn, SMH. Another star athlete files for bankruptcy — this time it’s former NFL QB Vince Young. I’m definitely not surprised at this since that report last year on Vince taking out a loan to throw a big birthday party. Hit the jump for details…
Young Buck Is Out Of Debt…But At 50 Cent’s Expense
Former G-Unit artist Young Buck will soon be out of the pool of debt he’s been swimming in, but it comes at 50 Cent’s expense. Fif had loaned Buck $300k way back when, and Buck still owed him $171k of that, but now that he’s filed for bankruptcy, that slate has been wiped clean and 50 will get nada. G-Unit Records also had an outstanding debt with Buck to the tune of $10 mil, but they too will get nothing. As for Buck’s lawyers, the bankruptcy trustee and the IRS, they’ll split about $330k.
(PHOTOS) NFL: Ouch! Warren Sapp’s Kicks Collection Sold in Bankruptcy Case; Guess For How Much?!
Sneakerheads have to feel Warren Sapp’s pain (minus the lucky one that got the collection). Warren Sapp had a chance to buy back some of the items he lost in his bankruptcy case — including jewelry and a surf board — but the one thing he wasn’t allowed to buy back was his collection of kicks (although he may have been able to get his hands on a few) — and they’ve now been sold! Details after the jump…
Study Shows Detroit Music Industry Valued At How Much?!?!?
Although the city of Detroit has declared bankruptcy, its music industry may be picking it back up. With a value of One Billion Dollars, the Detroit Music Industry can be prideful in its independent rap scene, being the cause of most of the revenue, Hit the jump for more details!
Money Issues! DMX Files For Bankruptcy!
Poor poor Ruff Ryder! DMX owes between $1 and $10 million in debts, and owns only $50,000 in assets. The Undisputed rapper claims he needed to file, “to enable me to reorganize my financial affairs.” The financial struggle has bought out X’s publicist to make a statement on the Chapter 11 filing. Hit the jump to see what he had to say.
