Page 2 of 2 FirstFirst 12
Results 16 to 28 of 28
  1. #16

    Re: Jamal Lewis files for bankruptcy



    Quote Originally Posted by The Fanatic View Post
    5 houses, multiple cars, cash cow businesses... oh the horror for Jamal!

    And here I sit debating as to whether or not I can afford to kick out $220.00 for a new string strimmer to replace the 22 year old $65.00 model that finally fell apart yesterday because now the cheaper units are just that... cheap and built like crap.

    Maybe I should claim bankruptcy so I can replace the trimmer and continue on with the painting and new storm door project I already began committing the few spare dollars to that I can muster up right now.
    Huh. That explains why the one that cost me $85 a couple years ago appears to be a piece of crap.

    Quote Originally Posted by Raven Maniac View Post
    After hearing about JLews financial crisis, I'm questioning his motives for jumping on board with the concussion lawsuits.
    You can look at it that way if you want, or you could observe that his career in the NFL led to (a) him being unprepared to dispose of his money responsibly and (b) him getting hit in the head a bunch of times. In which case both things have the same cause but one is not the reason for the other.

    I think it is brutally unsympathetic of some of you, on the one hand, (a) to enjoy this sport played by young men who have been playing it since they were boys and are, by and large, unsophisticated, and (b) to dismiss their struggles as they grapple with real life financial and health decisions they made because of this pedestal we've put them on.
    Festivus

    His definitions and arguments were so clear in his own mind that he was unable to understand how any reasonable person could honestly differ with him.




  2. #17
    Join Date
    Jun 2011
    Posts
    2,425
    Blog Entries
    2

    Re: Jamal Lewis files for bankruptcy

    Quote Originally Posted by Brtnder81 View Post
    Im actually surprised to hear this. Everything I had ever heard about Jamal off the field was he was very smart with his money and had several buisnesses that were doing well. But I guess things change

    Found this on Ripoff Report.. One of his employees of the trucking company spills the beans on how poorly things were run..

    http://www.ripoffreport.com/trucking...ankr-ee9e0.htm




  3. #18
    Join Date
    Sep 2010
    Location
    Baltimore
    Posts
    1,898

    Re: Jamal Lewis files for bankruptcy

    Quote Originally Posted by Raven Maniac View Post
    After hearing about JLews financial crisis, I'm questioning his motives for jumping on board with the concussion lawsuits.
    word.....seems typical
    "Old Man my Ass!" - John Malkovich




  4. #19
    Join Date
    Aug 2007
    Location
    Houston, TX Y'all
    Posts
    27,504
    Quote Originally Posted by festivus View Post
    I think it is brutally unsympathetic of some of you, on the one hand, (a) to enjoy this sport played by young men who have been playing it since they were boys and are, by and large, unsophisticated, and (b) to dismiss their struggles as they grapple with real life financial and health decisions they made because of this pedestal we've put them on.
    Or (c) we fans acknowledge the dangers of football, particularly head traumas, and feel that players like Jamal, who appear to be out for a quick buck, are taking attention and money away from a very important issue.
    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.




  5. #20

    Re: Jamal Lewis files for bankruptcy

    Quote Originally Posted by HoustonRaven View Post
    Or (c) we fans acknowledge the dangers of football, particularly head traumas, and feel that players like Jamal, who appear to be out for a quick buck, are taking attention and money away from a very important issue.
    Eh. The lawsuit is calling attention to an important issue. The character assassination is detracting.

    I'm not saying he's right or he's wrong to sue, but I'm willing to see how the lawsuit goes.

    You say tomato, I say tomato.
    Festivus

    His definitions and arguments were so clear in his own mind that he was unable to understand how any reasonable person could honestly differ with him.




  6. #21
    Join Date
    Oct 2011
    Location
    Bel Air, MD
    Posts
    131

    Re: Jamal Lewis files for bankruptcy

    Ah, the reorganization of finances. No worries, anything he defaults on will be paid by the rest of us. Good stuff.




  7. #22
    Join Date
    Apr 2009
    Posts
    13,453
    Blog Entries
    5

    Re: Jamal Lewis files for bankruptcy

    Hartwell filed for bankruptcy too after defaulting on his $22M beach front estate.

    So many are sqaundering what very few of us get. Damn shame.




  8. #23
    Join Date
    Feb 2009
    Location
    Wilmington, North Carolina
    Posts
    3,287
    Blog Entries
    3

    Re: Jamal Lewis files for bankruptcy

    Quote Originally Posted by cealex1223 View Post
    Ah, the reorganization of finances. No worries, anything he defaults on will be paid by the rest of us. Good stuff.
    Huh? Ive seen plenty of Ch. 11 plans where all the creditors -- even the unsecured -- get paid in full. Just over a longer timeline than they originally planned. Often the only time people get screwed is when some of the secured creditors (read: banks, who already get their bailout money nobody else gets) get a bug up their ass and object to the plan, and force liquidation and screw the unsecured creditors (vendors, suppliers, etc.) out of everything. It ain't the guy filing the BK that's the dick; take it up with the assholes at the bank, who already get their money no matter what. They can afford to wait on their money, but often they don't. They force people to liquidate perfectly good businesses and prevent them from paying the ones who really need and deserve the money.

    This filing is pretty typical of the current economy and says nothing whatsoever about (a) head trauma in the NFL, or (b) what kind of person or businessman Jamal is.

    A sizeable percentage of those who have any decent amount of business and assets is in Chapter 11 right now, or just got finished with it recently.
    Last edited by Mista T; 05-28-2012 at 12:24 PM. Reason: political reference removed




  9. #24

    Re: Jamal Lewis files for bankruptcy

    Quote Originally Posted by Ravenboy2003 View Post
    Found this on Ripoff Report.. One of his employees of the trucking company spills the beans on how poorly things were run..

    http://www.ripoffreport.com/trucking...ankr-ee9e0.htm
    Wow... that sheds a lot of light on things... seems he got screwed over by the people he trusted to run the company then he screwed everyone else over




  10. #25
    Join Date
    Aug 2007
    Location
    Houston, TX Y'all
    Posts
    27,504

    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.




  11. 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!!




  12. #27
    Join Date
    Apr 2009
    Posts
    13,453
    Blog Entries
    5

    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 05:58 PM.




  13. #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...




Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Russell Street Report Website Design by D3Corp Ocean City Maryland