Celebrity Chatter: Toni Braxton’s Bankruptcy Filing, Max Weinberg’s Medical Condition

Posted by Veronica Santiago Categories: Music, Television, Legal Issues,

-Former Dancing with the Stars contestant Toni Braxton has filed for Chapter 7 bankruptcy ... again. The Grammy award-winning singer is reportedly between $10-$50 million in debt.

-Actor Larry Wilcox is under investigation by the Securities and Exchange Commission. The 63-year-old former CHiPs star was charged by the SEC with securities fraud on Thursday.

-Kelsey Grammer and girlfriend Kayte Walsh have just announced the loss of their unborn child. Grammer, who is in the middle of a divorce from his wife of 13 years, revealed the pregnancy back in August.

-Drummer Max Weinberg says a medical issue played a role in his decision not to join Conan O’Brien on his new TBS show. The 59-year-old had valve repair surgery on his heart back in February.

Nicolas Cage Countersued By Business Manager

Posted by K.C. Morgan Categories: Movies, Legal Issues, Rumors, Where Are They Now?,

Movie star Nicolas Cage recently admitted to having some serious financial troubles, suing his business manager because of his missing funds. But the manager - Samuel Levin, CPA - has filed a countersuit against the actor.

Levin said that Cage “had already squandered tens of millions of dollars,” when he was hired, and that the National Treasure star owed “millions” in “income taxes, with no funds available to pay the tax debt.”

The countersuit claims that Levin told Cage he needed to make at least $30 million per year to continue living in his usual manner. Levin says that in 2007 alone, the actor purchased three homes for the sum of $33 million and twenty-two cars (nine of which were made by Rolls Royce), among other extravagant purchases.

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Johnny Depp Returns a Favor to Nicolas Cage

Posted by K.C. Morgan Categories: Movies, Charity, Rumors,

This is actually a great Hollywood story, but only if you can stop asking “really?” in regard to Nicolas Cage’s financial situation. There’s a lot of gossip surrounding the issue. Cage alleges that his business manager failed to do his job, resulting in the actor owing six million to the IRS (ouch, right?). However, different gossip points to Cage’s spending habits. The man owns two islands and almost as many cars as Jay Leno, people.

But, sure, if you extract all that it’s a pretty good story. A-list actor Johnny Depp, who evidently is better at managing his money, has decided to extend a helping hand. One movie star to another, right? As it turns out, Depp sort of owes his fame to Nicolas Cage (who owes his to Coppola, but that’s a different story).

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Read More | Perez Hilton

Ed McMahon: Trump to the Rescue

Posted by K.C. Morgan Categories: Television, Kind Acts, Legal Issues, Breaking News,

Ed McMahon’s foreclosure troubles are finally coming to a close - and not in the way any of us expected. When the aging star announced his financial problems might soon leave him homeless, the world was shocked and dismayed. But, Ed, you used to announce Johnny Carson! Thanks to multi-millionaire Donald Trump, McMahon can continue kicking golf balls around his property - and the bank can stop breathing down his neck.

The Donald will purchase the McMahon home, circumventing foreclosure and keeping Ed in the style to which he has become accustomed - and the two didn’t even have to get married first. “I don’t know the man, but I grew up watching him on TV,” Trump told the media.

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