A Bankruptcy in Coral Springs Can Happen to Anyone

For the rich and famous, spending money is almost a reflex at this point. Extravagant homes, foreign sports cars and enough karats to make a rabbit jealous are just a few of the things people in show business like to purchase. When the checks are coming in regularly, it’s pretty easy to justify the spending. However, the cash flow situation isn’t always static, just ask Mekhi Phifer, the latest Hollywood celebrity to file for bankruptcy. Phifer, who has starred in movies and TV shows, is reportedly in debt to the tune of $1.3 million and has only claimed assets of $67,000. Phifer’s debts include back taxes, child support payments and legal fees. When it comes to bankruptcy in Coral Springs, the law firm of Brodzki Jacobs & Associates can help you sort out your financial woes so you can take back control of the situation.

It’s odd to think that an accomplished talent with an impressive list of acting credits could fall on such hard times, but it’s not as uncommon as you may think. People can fall into bankruptcy in Coral Springs for a variety of reasons, but one of the most common is irresponsible spending, particularly with a credit card. Phifer’s list of assets include some interesting purchases including a large leather bed, a Segway and a healthy collection of firearms. It seems like Phifer’s biggest problem was spending, as the legal documents filed in the case reveal he is paid roughly $7,500 per month, but has expenses totaling $11,600 per month.

It’s easy to second-guess buying lavish items when someone is going through a bankruptcy, but at the time, Phifer probably had the excess capital to justify the purchases. Now, with his back to the wall, buying all that stuff doesn’t seem all that bright. In order to settle his debts, Phifer would be smart to hire a bankruptcy attorney who can help with reaching a payment plan. Since Phifer is still a working actor with the means to earn significant paydays, he does have a better chance than most at reaching an agreement with his creditors.

When it comes to bankruptcy in Coral Springs, the last thing someone should do is attempt to represent themselves. An experienced bankruptcy attorney like those at the law firm of Brodzki Jacobs & Associates can be a valuable asset when it comes to file these cases. Call the law firm of Brodzki Jacobs & Associates today and discuss your options.

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