Chapter 7 * cases starting at $1000 in attorney fees plus court filing fees of $338
Chapter 13 * cases starting at $750 down which includes the filing fees and then hourly work will be billed
* Please note that all cases require a full consultation before an individual attorney fee quote can be made

Payment Plans Available. Call For A Free 1-Hour Consultation. 

A+ Premier Attorney Rating | The National RegistryA+ Premier Attorney Rating | The National Registry
Awarded | Top 100 Bankruptcy | Blog
A+ Premier Attorney Rating | The National Registry
Photo of Kim Covington

A Personalized, Sensitive
Approach To Bankruptcy

Grammy-winning singer files for Chapter 7 bankruptcy

On Behalf of | Mar 29, 2013 | Chapter 7 Bankruptcy

Last week, singer Dionne Warwick — who has won five Grammy Awards in her lifetime — filed for Chapter 7 bankruptcy. Although the 72-year-old makes at least $15,000 a month, her bankruptcy filing shows that she spends almost as much as she earns. In addition, she is nine years behind on taxes.

Nine years of unpaid taxes has totaled to $10 million that Warwick owes to the Internal Revenue Service and her state. Although her manager says she has been working to pay it down, the interest rate and penalties that apply to late taxes have made it difficult to even make a dent. In addition, her monthly expenses for housekeeping, a personal assistant and other needs total more than $20,000. After expenses, all that remains each month is $10. In her bankruptcy filing, she listed $10.7 million in liabilities but just $25,500 in assets.

As Warwick’s situation clearly shows, sometimes your finances can simply get out of hand. Maybe you are used to living with more disposable income, but retirement or a divorce left you with less. Being forced into a new lifestyle is not always easy if you feel like you are moving backwards, and sticking to a budget can challenging. However, Warwick’s situation can provide a lesson for Oregon residents.

Warwick went nine years without paying taxes, allowing her debt to be compounded by interest and penalties. Oregon residents who are buried in debt should know that it is better to get out sooner rather than later. As soon as you know that you won’t be able to make ends meet, speak to an attorney about bankruptcy options.

Source: NJ.com, “Singer Dionne Warwick declares bankruptcy citing $10M in back taxes,” Victoria St. Martin, March 26, 2013

FindLaw Network

Learn More About Your Fresh Financial Start

The Law Office of Kim Covington, is a woman owned debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 24 years.