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Clinton Portis filed for Chapter 11 bankruptcy in November. And the filings, published by Deadspin, reveal that the former NFL running back owes a lot of money to a lot of people including his mom. Portis's debt to creditors, in total, adds up to $4,857,659.50 — a number equivalent to more than 11 percent of Portis's total earnings in a nine-year, NFL [...]

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To see the Photo Gallery of Athletes who went Bankrupt please click HERE [...]

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Troubled teen apparel retailer American Apparel Inc filed for bankruptcy protection on Monday and said it had reached a restructuring support agreement with 95 percent of its secured lenders. "This restructuring will enable American Apparel to become a stronger, more vibrant company," Chief Executive Paula Schneider said in a statement. The company listed assets and liabilities of between $100 million and $500 [...]

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Bonds are still doing their job this year as investors' best friends during a downturn: They're holding up better than stocks, cushioning the blow for balanced investors. High-quality, investment-grade U.S. bonds have returned 0.9 percent through Wednesday, while the Standard & Poor's 500 index has lost 7.4 percent on worries about the strength of the global economy. The problem is that bonds [...]

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Americans view themselves as being in the middle class, 80% say it is harder being in the middle class today than it was just 25 years ago. “The American middle class is not weakened or weakening—it is weak,” said Patrick Inglis, an assistant professor of sociology at Grinnell College. “Even the idea of it is weak. The middle class no longer can [...]

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http://www.msn.com/en-us/money/markets/retail-revenue-drops-along-with-gas-prices-and-auto-sales/ar-BBof1fv?ocid=BDT3DHP Retail sales dipped last month on low gasoline prices and a slowdown in auto sales, and a key measure was flat despite strong job growth. [...]

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Time to make some New Year's resolutions! But did you know: some of the things you aspire to do in January can also help boost your credit score. Bonus! http://www.msn.com/en-us/money/everydaymoney/new-year-better-credit/vi-BBnex1e?ocid=BDT3DHP [...]

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