• American Apparel Files Bankruptcy After Sexual Assault Allegations & Racy Ads

    Popular Los Angeles based clothing company American Apparel announced they were filing for chapter 11 bankruptcy protection early Monday morning on Oct. 5. After a group of sexual assault allegations were brought to light against the brand's founder, Dov Charney, and controversy erupted surrounding their racy ads, American Apparel has struck a deal with lenders, according to the 'New York Times.'

  • Kate Gosselin Claims Jeff Prescott Is Her Business Partner, Not Lover, But Does She Know About His Bankruptcies?

    Kate Gosselin is really busy right now. The reality star has not one but two shows currently airing: "Celebrity Apprentice" and she is also back for a limited run with TLC's "Kate Plus 8." She was also recently connected to millionaire businessman Jeff Prescott. While numerous sources have claimed the couple has been dating since October, Gosselin tried to shoot down the theory, saying that she is pretty lonely and would like to find a great guy.

  • Mixware Issues Update on Vestax Japan Bankruptcy

    After several months of rumors swirling around lackluster sales from a Japanese manufacturer of DJ equipment and digital mixers, the company filed for bankruptcy earlier this month. Vestax had been in trouble ever since it reportedly lost its United States distributer in October, and sales started to languish at home due to varying economic factors, including the rise in the Value Added Tax from 5 percent to 8 percent as part of Shinizo Abe's plan to generate government revenue and a recent dip back into recession. The company fell into debt of 900 million yen — $7.5 million — and was forced to file for bankruptcy, which makes it one of the 9,045 as of November 2014. Mixware, a U.S. representative and distributer for Vestax, has released a statement about bankruptcy and how there might actually be a light at the end of the tunnel via DJ Times:"The bankruptcy procedure was a necessary first step into the rebuilding of Vestax Japan and Vestax brand. Measures, engineering team, new product designs and financial support are already in place to support the rebuilding process and more information will be published by Vestax Japan during the course of the first semester 2015."This process will definitely take some time before the first new Vestax products reach the worldwide markets but we're confident that once again under the leadership of its original founders, Vestax will soon re-emerge as a strong, innovative brand as it has always been."

  • 'RHONJ' Teresa Giudice Sues Bankruptcy Attorney James Kridel, Blames Him for Jail Sentence

    Remember how Teresa Giudice stood before the judge in open court in early October and said she was ready to take full responsibility for her bad business decisions that resulted in her and husband Joe Giudice defrauding just about every business partner they have had in the last several years? Well, scratch that because it looks like Teresa was more interested in saying the right thing in the hopes of getting out of a prison stint. It did not work, as "The Real Housewives of New Jersey" star is expected to turn herself in to begin serving 15 months Jan. 5, but she has decided to play the blame game before she goes away.Teresa has filed a $5 million lawsuit against her bankruptcy attorney James Kridel, basically blaming his ineptness for her being sentenced to prison. A list of assets had been requested by the court, and while it was submitted — late — it was also missing numerous things, such as property and luxury items owned by the Giudices. When they arrived for sentencing in October, they were vilified for not reporting everything and concealing assets right up to the end, which may have been the thing that prompted the judge to throw the proverbial book at Teresa.It is also a convenient way for the reality star to shift the blame onto someone other than herself, and that is exactly what she is attempting to do with Kridel. Plus, she is now broke and still has to pay back more than $200,000 in restitution as part of her sentencing, so Teresa is really desperate to generate cash flow from wherever she can, and she knows that her options are limited.

  • Former 'Baywatch' Babe Nicole Eggert Launches New Career With 'Scoops' Ice Cream Truck

    Does the name Nicole Eggert ring a bell? If you grew up in the '80s should because the 42-year old mother of two once dawned that infamous red swimsuit and ran lines with Pamela Anderson on Baywatch. She also starred on Charles In Charge with Scott Baio when she was just a teen. As an adult Eggert has turned up on a few different reality shows but overall the last few years have been pretty tough with the star filing for bankruptcy three times within one year. Now she has launched a new business- her own ice cream truck!
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