EXCLUSIVE: Randy & Evi Quaid’s Long History Of Financial Trouble
Posted on Sep 30, 2009 @ 04:08PM - 4 comments
Randy and Evi Quaid’s mounting legal troubles are only the tip of the iceberg.
RadarOnline.com has learned exclusively that the couple racked up some serious debt nearly ten years ago—forcing them to declare bankruptcy back in 2000.
Click here to see the court documents
The embattled couple filed for chapter 7 in the United States Bankruptcy Court’s Central District of California, while they were living at 710 N. Walden Street in Beverly Hills.
See Randy and Evi’s mugshots
According to the docs, Randy and Evi’s assets were estimated to be between $0 to $50,000. But get this---their estimated debts were between $1 and $10 million!
The court papers also state that 16-49 creditors were banging down their door at the time.
The Quaids are currently hiding out at their Marfa, TX, home while their new attorney, Dick DeGuerin, tries to work out a deal with the Santa Barbara District Attorney’s Office. DeGuerin wants to have the couple return to California and surrender voluntarily to three felony charges they each face for unpaid hotel bills.
Read more about how the Quaid’s attorney wants them to surrender
EXCLUSIVE: Joe & Katherine Jackson's Multimillion Dollar Bankruptcy
Posted on Jun 30, 2009 @ 05:43PM - 4 comments
Michael Jackson's parents have just recently come through their extremely complex and much-challenged bankruptcy proceeding. The couple filed for Chapter 7 Bankruptcy on March 1, 1999, and although their debts were "discharged" on June 13, 2000, there were so many adversarial motions from creditors, there were still filings coming in as of May 22, 2008, according to court documents obtained by RadarOnline.com.
In their initial petition, the Jacksons listed their assets in the $100,000 - $500,000 range and their estimated debts in the $10 - $50 million range.
Among the debts: $34,91602 was owed on a 1994 Mercedes Benz, $60,130.94 on a 1998 Land Rover, and $36,368.29 on a Land Rover Discovery. $32,561.06 was owed on personal income taxes to the State of California, and they were in to the IRS for $117,871.76. They owed $18 million on one lawsuit judgment and $4 million on another. They owned legal fees to several attorneys including Brian Oxman, who still works with them.
One interesting side note: the couple claimed "month to month tenancy only" on their residence in Encino, CA which they point out is owned by their son.
