Former rap mogul Damon Dash files for bankruptcy, owing $25 million in debt.
Damon Dash Files for Bankruptcy Amid Financial Struggles Damon Dash, a former partner of Jay-Z and co-founder of Roc-A-Fella Records, is facing severe financial difficulties, with a reported debt amounting to $25.3 million. Recent court documents reveal that he has filed for Chapter 7 bankruptcy. The 54-year-old music producer reportedly has only $4,350 in assets. […]
Warren Buffett Warns That While Many Enjoy Credit Cards, Owing $10K At 18% Could Mean Lifelong Struggles
Buffett’s Take on Credit Cards In a world where a simple click can get you a peloton and a smoothie costs $17, it’s easy to see why credit cards are so popular among Americans. But when it comes to the billionaire investor Warren Buffett, his stance is quite different. Back in 1999 at a Nebraska […]
Bobby Bonilla Day marks its 15th year with the Mets still owing $1.19 million.
Mets Declare July 1st as Bobby Bonilla Day The New York Mets might just make July 1st their official holiday, celebrating Bobby Bonilla Day. The 62-year-old former player is set to receive a check for $1.19 million, which is part of one of the most unusual contracts in sports history. This saga began back in […]
Burger King franchisee files for bankruptcy after owing $37M to creditors
According to court documents, the owners of 57 Burger King Restaurants filed for bankruptcy and accused them of forcing high labor costs and inflation. Consolidated Burger Holdings, one of Hamburger King’s biggest franchisees, owes nearly $37 million to its creditors and filed for Chapter 11 bankruptcy protection on Monday. They are trying to sell assets […]
Tenant owing $24K in back rent charged in murder of NYC super: cops
This week, a female tenant was charged with the murder of a building manager inside her Queens apartment, where her body was found stabbed, beaten and wrapped in trash bags. Police said she got into an argument with her husband over $24,000 in unpaid rent. Sandra Coto-Navarro, 48, was also involved in the death of […]
Hunter Biden accused of owing over $300K in unpaid rent
After receiving an unconditional pardon from his father, Hunter Biden faces accusations that he owes his former landlords more than $300,000 in unpaid rent. Sean Maguire, a partner at venture capital firm Sequoia, responded to the news of Hunter Biden's pardon by claiming on social media that the president's son owes hundreds of thousands of […]
Squatter sublets NYC apartment while owing landlord $72K in rent
A cunning squatter extorted the landlord of at least $72,000 in rent for a Lower East Side apartment, then sublet it for tens of thousands of dollars in profits, the owner alleges. Computer programmer Thor Boucher hasn’t paid a dime for three years on his discounted $2,000 a month apartment on Essex Street, a two-bedroom, […]