David Cassidy Files for Bankruptcy - Sitcoms Online Message Boards

JamesG · 02-12-2015, 08:35 PM

David Cassidy Files for Bankruptcy
by Kate Stanhope
Feb 12, 2015

Singer and actor David Cassidy has filed for bankruptcy, People reports.

In papers filed Wednesday and obtained by the magazine, the former "Partridge Family" star says he has assets and debt up to $10 million. He owes $290,000 to Wells Fargo Bank, $21,000 to American Express and $17,000 to Citi Bank.

He's also in $102,000 debt to a Florida-based lawyer.

Cassidy, 64, has battled substance abuse issues in recent years. He was charged with DUI in November 2010, again in August 2013 and, most recently, in January 2014. He checked into rehab shortly thereafter, and his third wife, Sue Shifrin-Cassidy, filed for divorce the following month.

The former teen heartthrob has sold more than 30 million records. Cassidy most recently appeared on "Celebrity Apprentice" in 2011.

http://www.tvguide.com/news/david-cassidy-bankruptcy/

TV 123 · 02-19-2015, 03:24 AM

Who does he owe the other $9.5 million to?

Babalu · 03-14-2015, 07:16 PM

Quote:

Originally Posted by TV 123

Who does he owe the other $9.5 million to?

Me.

Coffeecup · 08-15-2015, 08:37 PM

I don't know a thing about bankruptcy. How does it work. OH no I am fine with my money, not asking that. It is just what, You file, all debts are cleared and how do you start over? Are all the people you did owe are left in the dust??

OH Nuts! · 08-16-2015, 12:09 PM

It's a shame he's having troubles; I hope he works them out. Also hope he works the oldie's conventions, as he probably still has many fans.

HuntingtonM15 · 08-16-2015, 12:53 PM

Quote:

Originally Posted by Coffeecup

I don't know a thing about bankruptcy. How does it work. OH no I am fine with my money, not asking that. It is just what, You file, all debts are cleared and how do you start over? Are all the people you did owe are left in the dust??

It depends. There are secured and unsecured debts. The secured debts are not discharged. Examples of secured debts are mortgages, student loans, and any creditor who may have filed a lien against you prior to the filing of the bankruptcy. Many other debts, like credit card debt, for example, are discharged.

Marvo301 · 08-16-2015, 05:40 PM

I guess David has a lot in common with his character, Keith Partridge, who was always in debt to his family members, Mr. Kincaid, and anyone else who he could get to loan him money.

opus · 08-16-2015, 10:26 PM

His daughter has that ARROW money, and a bunch of other screen credits. Can she float a loan?

Coffeecup · 08-21-2015, 01:50 PM

What's arrow money?

JamesG · 08-21-2015, 02:02 PM

Quote:

Originally Posted by Coffeecup

What's arrow money?

The CW show "Arrow".

Bonniegirl · 08-21-2015, 02:23 PM

Wow. He has been arrested several times for drunk driving too. I really think he has an alcohol problem! Probably that is why his finances are so mismanaged now. His judgment must be off!

Poor guy, I hope he gets himself together!

biffbronson · 08-21-2015, 05:24 PM

As bad as things appear for David, I can't help but think about how his dad Jack died -- reportedly, smoking in his bed. While still in his fifties.

Anyway, it seems like the bigger the star, the higher the debt -- and at one time David was a tremendously popular teen heartthrob, with his own David Cassidy comic book series from Charlton!!

eddie146 · 09-02-2015, 10:21 PM

3 Drunk Driving Arrests
Alcoholism
Divorce
Bankruptcy

David's later years in life have been tough, one problem on top of another.

Babalu · 09-05-2015, 01:49 PM

Quote:

Originally Posted by eddie146

3 Drunk Driving Arrests
Alcoholism
Divorce
Bankruptcy

David's later years in life have been tough, one problem on top of another.

When he was on top of the world he wasn't happy. That's just the way he is.

Bonniegirl · 09-05-2015, 03:08 PM

Quote:

Originally Posted by biffbronson

As bad as things appear for David, I can't help but think about how his dad Jack died -- reportedly, smoking in his bed. While still in his fifties.

Anyway, it seems like the bigger the star, the higher the debt -- and at one time David was a tremendously popular teen heartthrob, with his own David Cassidy comic book series from Charlton!!

That was horrible! What a way to die! Apparently Jack was drunk while he was smoking in bed!

He had a bad drinking problem as well!

And he was Bi Polar !

02-12-2015, 08:35 PM	#1
JamesG Freakshow Moderator Forum Icon Join Date: Feb 01, 2008 Location: Brooklyn, NY Posts: 57,075	David Cassidy Files for Bankruptcy David Cassidy Files for Bankruptcy by Kate Stanhope Feb 12, 2015 Singer and actor David Cassidy has filed for bankruptcy, People reports. In papers filed Wednesday and obtained by the magazine, the former "Partridge Family" star says he has assets and debt up to $10 million. He owes $290,000 to Wells Fargo Bank, $21,000 to American Express and $17,000 to Citi Bank. He's also in $102,000 debt to a Florida-based lawyer. Cassidy, 64, has battled substance abuse issues in recent years. He was charged with DUI in November 2010, again in August 2013 and, most recently, in January 2014. He checked into rehab shortly thereafter, and his third wife, Sue Shifrin-Cassidy, filed for divorce the following month. The former teen heartthrob has sold more than 30 million records. Cassidy most recently appeared on "Celebrity Apprentice" in 2011. http://www.tvguide.com/news/david-cassidy-bankruptcy/

08-16-2015, 05:40 PM	#7
Marvo301 I'm NOT a Blockhead! Forum Celebrity Join Date: May 17, 2002 Location: The Great White North Posts: 21,453	I guess David has a lot in common with his character, Keith Partridge, who was always in debt to his family members, Mr. Kincaid, and anyone else who he could get to loan him money.
	__________________ Only a life lived for others is worth living. Albert Einstein A life isn't worth living unless it has impact on other lives. Jackie Robinson Be always at war with your vices, at peace with your neighbors, and let each new year find you a better man. Benjamin Franklin

08-21-2015, 05:24 PM	#12
biffbronson Sentimental Fool Forum Star Join Date: Aug 22, 2009 Location: Near Notre Dame Posts: 10,457	As bad as things appear for David, I can't help but think about how his dad Jack died -- reportedly, smoking in his bed. While still in his fifties. Anyway, it seems like the bigger the star, the higher the debt -- and at one time David was a tremendously popular teen heartthrob, with his own David Cassidy comic book series from Charlton!!
	__________________ In memory of lovely Erin Moran 1960-2017 ~ Missing you "For you are beautiful ~ And I have loved you dearly ~ More dearly than the spoken word can tell..." "What's the word?" (Paul Martin) ~~ "I don't want money for nothing." (Timmy Martin) -- Lassie ROCKS! WORD UP "It's just a dugout that my dad built... In case the reds* decide to push the button down..."*

02-19-2015, 03:24 AM	#2
TV 123 Member Occasional Poster Join Date: Feb 18, 2015 Location: United States Posts: 28	Who does he owe the other $9.5 million to?

08-15-2015, 08:37 PM	#4
Coffeecup coffeecup. Forum 3000 Club Member Join Date: Jan 17, 2003 Location: snoozeville Posts: 3,181	I don't know a thing about bankruptcy. How does it work. OH no I am fine with my money, not asking that. It is just what, You file, all debts are cleared and how do you start over? Are all the people you did owe are left in the dust??

08-16-2015, 12:09 PM	#5
OH Nuts! Member Forum King Join Date: Feb 15, 2005 Posts: 133,383	It's a shame he's having troubles; I hope he works them out. Also hope he works the oldie's conventions, as he probably still has many fans.

08-16-2015, 10:26 PM	#8
opus VB Forum Superstar Join Date: May 16, 2015 Location: VB Galaxy Posts: 32,329	His daughter has that ARROW money, and a bunch of other screen credits. Can she float a loan?

08-21-2015, 01:50 PM	#9
Coffeecup coffeecup. Forum 3000 Club Member Join Date: Jan 17, 2003 Location: snoozeville Posts: 3,181	What's arrow money?

08-21-2015, 02:23 PM	#11
Bonniegirl AKA Hazel Horvath Forum Addict Join Date: Jul 10, 2014 Posts: 65,640	Wow. He has been arrested several times for drunk driving too. I really think he has an alcohol problem! Probably that is why his finances are so mismanaged now. His judgment must be off! Poor guy, I hope he gets himself together!

09-02-2015, 10:21 PM	#13
eddie146 Member Frequent Poster Join Date: Oct 28, 2003 Location: brooklyn ny Posts: 426	3 Drunk Driving Arrests Alcoholism Divorce Bankruptcy David's later years in life have been tough, one problem on top of another.