A Look at Francis Ford Coppola's Bankruptcy
West Coast consumers in debt can take comfort that success is not a shield from bankruptcy, not even for the rich and famous. While the famous bankruptcies list grows every week, it's the Hollywood elite, the untouchables, that catch our eye and let us know that we are not alone in filing bankruptcy.
This week let’s talk Hollywood. Specifically, let’s discuss Mr. Francis Ford Coppola. Born in 1950 Coppola grew up in Great Neck, New York. Mr. Coppola attended the University of Southern California for his graduate film work. Mr. Coppola is perhaps most famous for directing a small film you may have heard of...The Godfather.
While most lay film goers probably know The Godfather was a tremendous success, what many may not know is that Coppola’s next films spelled disaster. First, Apocalypse Now, while critically acclaimed (naysayers will attest to the film's messiness) soared $15 million over budget. Next, Coppola borrowed $8.5 million from Canadian real estate mogul Jack Singer to finance One from the Heart. The film cost $30 million and grossed $636,000.00....oops. Consequently, when Singer sued to collect on his debt, Coppola filed for bankruptcy.
If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down, stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs. Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.
