Many of our Escondido readers probably remember the criminal trial of Casey Anthony. The case was a media sensation, with Anthony being tried for the murder of her very young child. It became even more sensational when Anthony was found not guilty of the murder, and was released from custody soon after the verdict came in. However, the troubles continue for Anthony, who recently filed for Chapter 7 bankruptcy.
For some people in Escondido and elsewhere, planning an approach toward dealing with personal debt can seem like an insurmountable obstacle. Although the national economy occasionally shows flickers of recovery, there are still millions of people throughout the country who are struggling with job loss, unexpected medical bills and credit limits being pushed to the max. A West Coast business owner, who apparently had extensive dealings in California, seems to have found himself in a similar position, and he recently filed for Chapter 7 bankruptcy.
Even though many experts and politicians would have the American people believe that the economy is improving, there are still daily signs of individuals, families and companies who are struggling. As recent evidence of this, a California-based company filed for Chapter 7 bankruptcy early this month.
Art lovers throughout the state of California have probably been concerned for a few years now with the effect the economic downturn has had on live theater productions. When Americans have less money in their pockets, luxuries are usually the first things to be cut from the family budget. As a result, some theater companies have been forced to file for bankruptcy. The Willows Theatre Company was the latest, announcing on August 16 that they would be filing for Chapter 7 bankruptcy.
Who in California doesn't remember Jose Canseco? The former Major League Baseball player was a star in the late 1980s, winning the 1986 Rookie of the Year award in the American League and the overall league Most Valuable Player award in 1988 -- all while playing for the Oakland A's.
Most California residents are probably aware of the importance our state places on solar energy. California has long been a place where solar power has sought to flourish, especially in Southern California where sunny days are no rarity. But unfortunately, in recent years, the solar energy industry has sustained substantial financial losses.
A San Diego-based company, MP3tunes, filed for Chapter 7 bankruptcy recently in the Southern District of California federal court.
Previous posts have mentioned how Chapter 7 bankruptcy is a tool for the consumer; a way for individuals in California to liquidate their assets and pay off their creditors, all while marching toward a fresh financial start.
Newport Coast, the stretch of California between San Diego and Los Angeles, is one of the most coveted places to own property in the world, claiming Tiger Woods, John Wayne, and Shirley Temple as past residents. And these are just a few examples of the exclusive nature of living in this particular area of the country. However, one piece of property there, once valued at around $87 million, will soon be sold at a bankruptcy auction.
Warren Sapp, the former Oakland Raider and Tampa Bay Buccaneer who terrorized quarterbacks throughout the NFL for 13 years, filed for Chapter 7 bankruptcy on March 30. Sapp's filing identified $6.45 million in assets, the more notable of which include a lion skin rug worth $1,200 and 240 pairs of Michael Jordan shoes worth approximately $6,500. He also reported a monthly income of $115,881.