Some singing career British pop star Kerry Katona had, all she’s known for now is the has-been who had a nice collection of cars. Katona has taken the plunge from celebrity, Nuevo riche to, well, just average. Katona declared bankruptcy in 2008 after owing $115,645 in taxes and 2009 hasn’t been much better. Her Porsche Cayenne GTS and Porsche 911 Carrera were repossessed and are now being sold at bargain prices on the internet, by AB Holding. Kerry Katona has already had to hand over the keys to her Aston Martin, Lamborghini and Range Rover, oh my. Katona is a prime example of getting too much, too young and not knowing anything about money. She isn’t the first and surely won’t be the last but now the girl is going to have to make due. Katona will be getting by with a $62,000 Mercedes sedan and $76,300 Nissan GT-R, a lot of people are still probably wishing they were her.
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If you ever had childhood dreams of growing up to save the world, become a bankruptcy lawyer. As the world goes bankrupt, its bankruptcy lawyers to the rescue. Of course, its not just about saving the world from financial ruin, these lawyers are being handsomely rewarded for their services. Studies show that the total fees paid for bankruptcy lawyers from 1998 to 2007 doubled, while the consumer price index rose about 25 percent. Chicago-based Sidley Austin LLP and New York’s Skadden, Arps, Slate, Meagher & Flom LLP billed hourly rates upwards of $1,000 in the past two months in separate bankruptcy cases. Basically while you’re going bankrupt, its possible your lawyer is making $15 plus per minute off of it. Just thought ya’ll should know. 
