Although famous musicians, sports stars and other celebrities often earn significant incomes, the lifestyle that comes along with fame can lead to financial difficulties. In fact, news articles over the past years have reported that many celebrities have sought debt relief in order to satisfy creditors. Readers in Kentucky may be interested in a recent story that discusses the state of rapper 50 Cent's bankruptcy plan after he filed for Chapter 11 protection in 2015.
There are many factors that can cause a successful business to experience financial difficulties. Many times, it is not the fault of the business owners or executives, but it is just a result of the economy and national trends. It may interest Kentucky readers to learn more about Sports Authority and how the corporation determined that filing for business & commercial bankruptcy was the best option based on its current financial state.