In the midst of a scandal that landed him in prison, NFL player Michael Vick filed for Chapter 11 bankruptcy in 2008. At the time, he was making 12 cents an hour mopping prison floors and had accumulated nearly $18 million in debt. Today, he has paid off the majority of that sum by living […]

According to information published by the Wall Street Journal, many families should now be more concerned about capital gains taxes than the federal estate tax when it comes to estate planning. For the last ten years, estates of more than $1.5 million could face federal tax rates of up to 50% — with rates jumping around […]

In the 1990’s, the clothing chain Delia’s was all the rage among teenage girls. They marketed their items in a catalogue that doubled as a fashion magazine, and seemed far ahead of the curve and other retail competitors. According to Mary Brett Whitfield, a senior vice president for industry consulting firm Kantar Retail, Delia’s failed […]

This year, the Columbus Blue Jackets will pay defenseman Jack Johnson $5 million. The 27-year-old has been in the league for nine years, making over $18 million. Additionally, he’s still being paid from the seven-year $30.5 million contract he signed with the LA Kings in 2011. So, why did this NHL player just file for […]

The franchise has been a symbol of financial success in America, but it is often short-lived after too much expansion happens too quickly. Although investors are often quick to get behind these projects, franchises still have to deal with issues such as market saturation and shifts in consumer preferences. Plenty of successful chains have found […]

You may have read our blog post last year, relaying the charges filed against reality TV stars Teresa and Joe Giudice. Although at the time we speculated the Bravo couple would plead not guilty, that wasn’t the case. They pled guilty to mail, wire, and bankruptcy fraud and both received jail time. On October 2, […]

For the first time in about a decade, Pennsylvania is looking to beef up its DUI laws. On Wednesday, October 9th, the Senate unanimously passed a bill that would require many first-time DUI offenders to have interlock devices installed in their vehicles. If this measure passes the House as expected, any PA driver convicted of […]

Filing for bankruptcy is not a quick decision, and it’s much more than filing some paperwork. Possibly parting with personal belongings or potentially losing a business is bound to take a toll on you emotionally. After all, you’ve probably spent much of your adult life working to gather or create these things. When filing for […]

DUI is a big safety issue for Pennsylvanians, but do you know just how many of us this issue is effecting? According to PennDOT accident statistics, there are 30 alcohol-related accidents each day on average. At any moment, you could be sharing the road with these drivers. Here are more surprising statistics from 2013 to […]

Detroit Lions defensive tackle Nick Fairley was sentenced on July 31st to a suspended 6 month jail term and one year of probation from a 2012 DUI and reckless driving case. The football player was at training camp rather than the courtroom for his sentencing. His attorney said he did not inform his client of […]