Flames' McCarty files for bankruptcy

[scubafrogman 0]

McCarty files for bankruptcy

McCarty listed assets of $1.9 million and debts of $6.2 million. Looks like his wife took all his money and left him with the debt! :(

[Neo5370 132]

That's really terrible. Poor guy.

[Dougie8 0]

thats crazy, Maybe He'll be fighting alot now :o

[crutesie 0]

thats crazy, Maybe He'll be fighting alot now :o

:lol:

on a serious note - poor guy

[pantherfan 0]

When you go bankrupt do you have to pay anything after it?

[asdfa 0]

unfortunate, and his wife is a jerk, but you'd think he (or his agent) would see the warning signs and consolidate his debt/stop gambling at casinos before it got to this stage

[utvolsfan007 0]

When you go bankrupt do you have to pay anything after it?

It depends on the type of bankruptcy you file . Someone such as him with the money he makes will most likely have to pay a percantage back .

[Eazy_b97 1]

I was a little surprised given his music career, and constant pumping of "grinder" as well. Then I look at the guy, and it's not so surprising anymore.

[scubafrogman 0]

When you go bankrupt do you have to pay anything after it?

From Wikipedia:

The primary purpose of the laws of bankruptcy are: (1) to give an honest debtor a "fresh start" in life by relieving the debtor of most debts, and (2) to repay creditors in an orderly manner to the extent that the debtor has the means available for payment.

Bankruptcy allows debtors to resolve debts through the division of non-exempt assets among creditors. Additionally the declaration of bankruptcy allows debtors to be discharged of most of the financial obligations, after their non-exempt assets are distributed, even if their debts have not been paid in full. During the pendency of a bankruptcy proceeding, the "debtor" is protected from extra-bankruptcy action by creditors by a legally imposed "stay."

Basically, it gets the crediters (collectors) off your back! :o

[pantherfan 0]

He did pay alot of money tocharity though and expected to be paid more than he is

Probobly split his money with his wife and has to live the life style anyway as he is a hockey player

[scubafrogman 0]

He did pay alot of money tocharity though and expected to be paid more than he is

Probobly split his money with his wife and has to live the life style anyway as he is a hockey player

"According to court documents, McCarty received $538,729 from the Red Wings when they bought out his contract, but his ex-wife Cheryl received 75 percent of that -- $404,046."

I don't consider that splitting the money. He is still making $850K a year with the Flames so he isn't poor but he has ran up gambling and other debts in the amount of $6+ million.

[Edge 0]

so what's the deal with his wife. I never heard anything about that. :(

[#96 0]

His X got 75% of his buyout from the Wings! OMFG. Just proves my point...chicks will suck you dry, then suck you dry.

[tuzzifan44 0]

holla we want pre-nup!!!!! :D

[milbs06 0]

holla we want pre-nup!!!!! :D

YEAAAAAAAAA

[CardinalHcky19 0]

wow that really sucks

[mack 44]

Now I can get that ring I always wanted.

[kosydar 0]

I saw that earlier. I'm thinking it'd be a really classy move by Illitch to buy at least one of the rings and give it back to him.

[mack 44]

I can see Yzerman getting people together to do that.

[Havok19 0]

Yea Mack he was pretty loved by the guys.And i really hope they do!

[pantherfan 0]

That'd be a really classy thing to do.

[pwrfwd26 0]

damn that blows!

[KYHockey3 0]

i watched a special about him and he seemed like a great guy. its terrible when this stuff happens to people.

[mack 44]

I don't get what's terrible about it. Unfortunate, maybe, but not terrible. How many people here make significantly less money than he did/does and don't go tits-up financially? I feel as bad for him as I would a lottery winner that goes broke and offs themself.

[kosydar 0]

I don't get what's terrible about it. Unfortunate, maybe, but not terrible. How many people here make significantly less money than he did/does and don't go tits-up financially? I feel as bad for him as I would a lottery winner that goes broke and offs themself.

Especially considering that a large portion of his debt is due to gambling. I did hear his wife dicked him pretty well in the divorce settlement, though.