A common theme on this blog has been that “bankruptcy can happen to anyone” and that there are a variety of factors that can lead someone down the road to serious financial problems. Among the people highlighted on this blog that have had to file bankruptcy include:
- A federal judge
- Jose Canseco
- Lenny Dykstra
All of these people either made excellent livings at one point or are expected to have stable incomes and a skill set that allows them to work. Today we’re going to add another category of person that we would ordinarily expect to be immune from financial problems: Grammy-award winning singer. According to a report published on cnn.com the singer filed for bankruptcy in March claiming for than $10 million in tax debt reaching as far back as 1991. Warwick’s bankruptcy filing available here lists liabilities of $10,727,429.91 and assets of $25,000 in personal property. Warwick’s average monthly income is $20,950 according to the filing. Among the personal property Warwick claims is furniture, art, gowns and clothing, fur coats and diamond earrings.
Warick began her career in the 1960’s and had over 18 consecutive top 100 singles.
Contact a St. Louis bankruptcy attorney for a free consultation
If a grammy-award winning singer can get into financial trouble anyone can. While there may have been some financial mismanagement in this case honest and hardworking people often find themselves “in over their heads” due to no fault of their own. Things like poorly performing investments job loss, accidents, or unexpected illness can easily push someone into a situation where it is impossible to keep up with financial obligations. Once you start falling behind it is extremely difficult to keep up and late fees and interest can make it almost impossible. In order to determine whether bankruptcy could help you, you should schedule a free consultation with an experienced St. Louis bankruptcy attorney. Depending on your circumstances a Chapter 7 or Chapter 11 bankruptcy may make more sense if it does at all. The Westbrook Law Group practices exclusively in the area of bankruptcy law and has helped hundreds of clients obtain a financial fresh start. In order to schedule a free consultation with Mr. Westbrook contact out office today at (636) 493-9231. If you would prefer to contact us via email please fill out the online contact form available on the right side of this page and a member of our staff will be in touch with you soon.