Law of Hollywood Land

Entertainment Legal Bouts and Justice

Mortgage Renogotiation Keeps Ed McMahon In His House

ed-mcmahon-foreclosure

Ed McMahon, who probably wishes he had been won a Publisher’s Clearing House Sweepstakes check, will get to keep his home for now.

McMahon’s mansion, which fell into foreclosure earlier this year, will get to stay in the house now that Orange County based Foreclosure Trackers company has negotiated a new mortgage loan for the former king of late night sidekicks so that he can continue to make payments and keep a roof over his head.

Now if this can only be replicated a couple hundred thousand times for the rest of America.

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December 19, 2008 Posted by | Bankruptcy, Celebrity | , , | Leave a comment

Michael Vick Can Not Escape The IRS in Prison

Michael Vick, currently serving prison time for his role in a dogfighting operation, is about to get attacked by the biggest dog out there… the Internal Revenue Service.  The IRS say Vick failed to file his 2007 tax return.  Vick has previously filed for bankruptcy, but laws still require Vick to file the return.

The IRS claims that Vick currently owes $1.2 million in back taxes, and their records indicate that Vick went through $17 million dollars in just two years.

November 25, 2008 Posted by | Bankruptcy, Sports Athlete, Under Arrest | , , , | Leave a comment

The Cookie Crumbles as Mrs. Fields Files Bankruptcy

mrs fields files bankruptcy

Mrs Fields files bankruptcy

Mrs Fields Famous Brands LLC will bring a Chapter 11 bankruptcy filing to court on August 25th. Creditors are currently working to vote and approve a prepackaged bankruptcy plan.

August 18, 2008 Posted by | Bankruptcy | , | Leave a comment

80’s Comedy Television Sidekick Willie Aames Files for Bankruptcy

Willie Aames Files For Bankruptcy

Willie Aames Files For Bankruptcy

Poor Willie. Best known as Buddy in the seminal 80’s cheesefest Charles In Charge, Willie Aames has tried to get back in the spotlight with a recent stint on VH1’s Celebrity Fit Club and had written a book “Grace Is Enough” that chronicled his drug abuse and money problems. Apparently he is still having money problems, and according to his bankruptcy paperwork filed in Kansas, is currently $350,000 in debt.

July 29, 2008 Posted by | Bankruptcy, Celebrity | , , , , | Leave a comment