Files bankruptcy

Files bankruptcy

Posted: Monday, October 27, 2008 9:13 pm

NASHVILLE (AP) — Country singer Lorrie Morgan has filed for bankruptcy for primarily business related debts. Morgan filed for Chapter 7 bankruptcy on Wednesday in federal court in Nashville, listing her estimated liabilities ranging between $1 million to $10 million. The bankruptcy filing showed her with assets of $500,000 to $1 million. The singer released a statement calling the bankruptcy “an unfortunate yet necessary part of the restructuring of my business.” In 1992, the singer said she repaid her creditors in full and withdrew a bankruptcy petition after filing for Chapter 11 bankruptcy, listing more than $846,000 in debts. Morgan has had hits including “What Part of No” and “I Didn’t Know My Own Strength.” Published in The Messenger 10.27.08

Leave a Comment