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  1. #25
    Join Date
    Aug 2007
    Location
    Houston, TX Y'all
    Posts
    23,359

    Re: Jamal Lewis files for bankruptcy



    What makes me less than sympathetic towards Jamal is the type of bankruptcy.

    He's saying he needs to reorganized the payments of his debt. What he is not saying or doing is selling off those assets so he doesn't have the debt to begin with.

    He's basically saying "Hey, I overspent, but I don't want to give up my toys so please let me restructure my debt so I can keep my stuff".
    WARNING: This post may contain material offensive to those who lack wit, humor, common sense and/or supporting factual or anecdotal evidence. All statements and assertions contained herein may be subject to literary devices not limited to: irony, metaphor, allusion and dripping sarcasm.




  2. Re: Jamal Lewis files for bankruptcy

    Quote Originally Posted by HoustonRaven View Post
    What makes me less than sympathetic towards Jamal is the type of bankruptcy.

    He's saying he needs to reorganized the payments of his debt. What he is not saying or doing is selling off those assets so he doesn't have the debt to begin with.

    He's basically saying "Hey, I overspent, but I don't want to give up my toys so please let me restructure my debt so I can keep my stuff".
    Exactly!!
    Not that this type of stuff doesn't happen to the everyday joe blow that has to file and do so in a manner to keep his family in his house, etc., but...

    5 houses, multiple cars and god knows what else.

    Sorry, he ain't hurting like the guy standing out on the street corner holding a sign begging for money or assistance so he can live to see tommorrows sunrise.
    Will Die A Ravens Fan!!




  3. #27
    Join Date
    Apr 2009
    Posts
    12,307
    Blog Entries
    4

    Re: Jamal Lewis files for bankruptcy

    Bert Reynolds the actor filed for bankruptcy after squandering everything too. He had a chopter, plane, beach front estate. He
    got to keep the estate.

    Jerry Lewis also filed back in the 70s. I remember his wife testifying that he left a brief case next to the chair he sat
    on in the airport. It had $10,000 cash in it.

    He never wore a pair of socks more than once or under ware
    and he never cleaned a suit. He gave them away and got
    new ones. He had contracts with sock and under ware company. They shipped a big supply in at the beginning of
    the year.

    This happens all the time with celebrities. Johnny U filed for
    bankruptcy and so did Brooks Robinson and when Mike
    Flannagan killed himself recently his wife said he had financial difficulties.

    Here's a list of famous athletes that filed bankruptcy including
    Johnny U, Mike Tyson, and Holyfield. Borg the tennis player
    was left off.

    http://msn.foxsports.com/nfl/lists/A...-title=&photo=
    Last edited by AirFlacco; 05-28-2012 at 04:58 PM.
    UBER RAVENS FAN AND HISTORIAN GURU.




  4. #28

    Re: Jamal Lewis files for bankruptcy

    Quote Originally Posted by HoustonRaven View Post
    What makes me less than sympathetic towards Jamal is the type of bankruptcy.

    He's saying he needs to reorganized the payments of his debt. What he is not saying or doing is selling off those assets so he doesn't have the debt to begin with.

    He's basically saying "Hey, I overspent, but I don't want to give up my toys so please let me restructure my debt so I can keep my stuff".


    Has there ever been a worse time to liquidate assets?

    I'm sure the banks are happier spreading out payments then owning houses in this financial market...




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