Sunday, January 20, 2013

Divorced and unbankable: Celebrities who went broke after divorce

Bankruptcy can happen to anyone at any time. For some people, insolvency could happen after an emotionally charged divorce as what these following celebrities have experienced:














Image Source: nydailynews.com


Dennis Hopper –While his daughter inherited almost $3 million dollars of his wealth, what came before that were a messy divorce with Victoria Duffy, a declaration of bankruptcy, and a sad battle with prostate cancer, which he lost in 2010 while still in the process of divorcing his wife. His liquid assets were estimated to be $300,280 plus the $10,900 from his corporations.













Image Source: purepeople.com


Brigitte Nielsen – Fans thought that she received a fortune out of her divorce from Sylvester Stallone, but fact is, she pocketed almost nothing. Now in her fifth marriage, the former Hollywood ‘glamazon’ had fallen into a downward spiral, photographed once in a Los Angeles park looking like a hopeless alcoholic.













Image Source: gossipbeast.com


Brandi Glanville – After splitting from Eddie Cibrian, the mother of two claimed that she had a measly income, barely enough to rent a car or lease a house. The Real Housewives of Beverly Hills star said that she was still building her credit during the split.


















Image Source: superiorpics.com


Mike Tyson – Uncontrolled spending habits had put the famous boxer in dire financial straits. He declared bankruptcy in 2003 after failing to pay Monica Turner, his ex-wife, the $10 million he owed her.

While divorce is an emotionally charged case, divorce attorneys like Michael Kelly and Steven Fernandez say that parties should never allow their emotions to get in the way of the proceedings. They must also consider their financial resources, think about the possibility of mediation, and understand their emotions, among others, because there’s too much at stake.

This website offers more information about family law.

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