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David files for bankruptcy

 
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JAZZ4JEFF
Simone's Groomer
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Joined: 02 May 2005
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Location: The O.C.

PostPosted: Thu Feb 12, 2015 1:16 pm    Post subject: David files for bankruptcy Reply with quote

From TMZ:

David Cassidy has sold over 30 million records, but he's broke as a joke now -- TMZ has learned he's mired in debt and just filed for bankruptcy.
David filed for Chapter 11 bankruptcy protection this week and has a laundry list of creditors to whom he owes hundreds of thousands of dollars.
His massive debts include $39,102 in credit card debt, a $292,598 mortgage against his house, and a very colorful bus load of attorney's fees.
In the docs, he also alerts the court he could have some horse expenses in the near future. David says he's in a legal dispute over several Thoroughbred horses he co-owns.
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Canadian Reg
Ricky's Vocal Coach
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Joined: 08 Jul 2005
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PostPosted: Wed Feb 18, 2015 10:17 am    Post subject: Reply with quote

So will he know release the unreleased songs... to make some money to cover his debts ? There's always hope...
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KathySTL
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Joined: 09 Jun 2005
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PostPosted: Sun Mar 01, 2015 11:43 pm    Post subject: Reply with quote

He may not be that broke. Bankruptcy is a legal loophole with many protections. Companies file for bankruptcy all the time and still stay in business and come out with lots of money afterwards.

( I wish my Boss would realize this, she would be so much better off)
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Skizzy Fleameyer
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PostPosted: Sun Mar 22, 2015 9:39 pm    Post subject: Broke? Reply with quote

I don't understand how this could be possible. Is this his 2nd or 3rd bankruptcy?

Maybe he needs to go back to Vegas and take up a residency again. He made millions there.
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