Legendary NFL Defensive Lineman Filing For Bankruptcy
There is only one thing that could knock down former NFL defensive lineman Luther Elliss….bankruptcy. The two-time Pro Bowler has filed for Chapter 7 bankruptcy with his wife Rebecca.
Elliss is about to lose his million dollar home in Detroit after he has already lost a home in Utah. Luther started a financial downfall after his investment in Trinity Armor LLC deterioriated away when the company went out of business. Eliss and his wife have debts of over $4 million with assets of $1.4 million.
Luther and his wife have 11 children and are doing whatever they can to stay afloat.
Nic Cage is Back
Nicolas Cage apparently owed the IRS more money then expected. Cage had a federal tax lien issued against him for $6.7 million in unpaid taxes for 2008. This is on top of the other 6 million he owed already for four other years in the past.
According to TMZ, Nicolas Cages total in unpaid taxes is over 13.3 million buckaroos. If you remember at all, Cage had a falling out with his former business manager, Sam Levin. The two are currently in a legal battle as to way Nic fell financially.
Nicolas Cage told TMZ, “I am under new business management and am happy to say that I am current for 2009. All taxes will be paid including any to be determined state taxes.” We gotta say, Cage has some serious money to be able to bounce back the way he has.
The Foreclosure Crisis Hits Golfers
Even golf has been affected by the foreclosure crisis. The much anticipated Byron Nelson tournament may see its last year at the Four Seasons Resort and Club in Irving, Texas. The 400-acre luxurious resort will be going into foreclosure auction on February 2nd in Dallas County.
The U.S. Bank is seeking to get back $183 million back for a default loan taking out by BentleyForbes. The Byron Nelson golf tournament will not be affected this year but who knows what will happen in 2011. BentleyForbes is reportedly working out a solution with its lenders.
Lynne Curtin has to pay up again
Lynne Curtin is no stranger to the media, especially the news. Curtin, who is known from the “Real Housewives of Orange County,” is now a fugitive. We wrote about Lynne Curtin earlier this year when she was being evicted from a home for not paying any rent.
Lynne Curtin and her husband have themselves in a bigger pickle. They were supposed to appear in court but never showed. Their court appearance was due to answer proceedings regarding a million dollar judgment that they had to pay to a business partner….another guy they blew off.
Curtin and her husband are now wanted and have been issued a bench warrant by a judge in Riverside County, California.
Sinbad is bad at filing taxes
Legendary comedian and actor, Sinbad, has been “bad” at filing his taxes. He reportedly owes $8 million in unpaid taxes to the IRS. Sinbad (real name is David Adkins), did not pay taxes from 1998 to 2006 on returns that he filed.
Since he owes so much money, the U.S. Attorney General’s Office in LA wants to foreclose on his Cali home to help pay off those liens. A suit was filed against home on December 10th. This isn’t the first time we have heard this news from the comedian. He has apparently been fighting this for years. In 2003 and in 2005, Sinbad tried to attempt a compromise with the IRS but was rejected both times. Money is tight now and the Fed wants him to cough it up.
This is no joke for the comedian.
