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Posted on January 19th, 2012 - By Bossip Staff
Categories: News, Recession Is Real, When The Checks Stop Coming In
Damn shame that “a picture is worth a thousand words” and not dollars! Continue »
Posted on January 10th, 2012 - By Bossip Staff
Categories: For Your Information, News, Pay Yo Bills, SMH
Just when the Girl Scouts decided to unveil a new cookie; Twinkies maker, Hostess Brands Inc. is preparing to file for Chapter 11 bankruptcy protection as soon as this week, a move that would mark the second significant court restructuring for the Twinkies and Wonder Bread baker in the past several years.
The Wall Street Journal cites people familiar with the matter, saying the makers of Twinkies, Wonder Bread and those iconic chocolate Hostess cupcakes with the squiggle of white icing, are carrying more than $860 million in debt.
Rising prices for sugar, flour and other ingredients the company needs to bake up its various smushy offerings are partly to blame, as well as the high labor costs that come with employing around 19,000 people. Even $2.5 billion in sales hasn’t been enough to meet those rising costs.
They’re also in debt to the tune of about $50 million to vendors, which are now asking for Hostess to pay up because of the financial straits, one source told the WSJ. Since the company has filed for Chapter 11 before, in a restructuring move in 2004, those in the know are calling this newest filing a Chapter 22 proceeding.
Might as well stockpile those Twinkies just in case. They’ll last forever anyway, right?
Posted on November 28th, 2011 - By Bossip Staff
Categories: Blast From the Past, Get Your Life Together, News, Put on Blast, Shook Ones, SMH, What the Hell???, When The Checks Stop Coming In
We’re sure someone can help her. What about her friends??? Continue »
Posted on November 16th, 2011 - By Bossip Staff
Categories: Ballers, DUI, Making it Rain on Them Hoes, Mike Vick, Must Be Nice, News
Because he’s still repaying the $10-50 Million in debt that caused him to file bankruptcy right before coming home from his bid, Mike Vick still has to report all of his income to the courts on a quarterly basis. Continue »
Posted on June 27th, 2011 - By Bossip Staff
Categories: Ballers, Behind the Scenes, Cry Me A River, Did You Know, For Your Information, Get Your Life Together, Mo Money, News, out of pocket, Pay Yo Bills, Put on Blast, SMH, Sports, The Side-eye, What the Hell???, You Can't Be Serious...
How do you FAWK up all that money?!? Continue »
Posted on May 11th, 2011 - By Bossip Staff
Categories: For Your Information, Hollyweird, New Movie, News, Tupac, When The Checks Stop Coming In
Don’t worry guys TUPAC is still coming to a theater near you, Summer 2013. Continue »
Posted on November 2nd, 2010 - By Bossip Staff
Categories: Athletes & Hoes, For Discussion, News, Reality TV, When The Checks Stop Coming In
While Evelyn Lozada is off selling shoes and reaping the benefits of VH1 Celebreality stardom- including letting OchoCinco blow her back out – her ex-fianceAntoine Walker can’t catch a break. Continue »
Posted on October 18th, 2010 - By Bossip Staff
Categories: News, Omarion, Pay Yo Bills, SMH, When The Checks Stop Coming In
While he was busy talking about Raz B’s money needs, Omarion forgot his sh*t wasn’t all straight either. Continue »
Posted on October 7th, 2010 - By Bossip Staff
Categories: Cry Me A River, Happy Birthday, Ho Sit Down, Hollyweird, News, Pay Yo Bills, SMH, Toni Braxton, What Were You Thinking?, When The Checks Stop Coming In
What happened Toni? We thought you were making it rain so hard on them hoes that ‘money woes couldn’t hold you down!’ Continue »
Posted on August 17th, 2010 - By Bossip Staff
Categories: Attention Slores, In White Folks News, Lawsuits, News, out of pocket, Pay Yo Bills, Put on Blast, SMH
You’d think Teresa Giudice from “Real Housewives of New Jersey” might lay off the heavy spending considering she’s at the mercy of a judge to keep all of her belongings from being sold off in a bankruptcy auction. Wrong! Teresa actually spent the days leading up to her bankruptcy filing SHOPPING!!! Continue »
