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Bow Wow Forced To Pay Up In Limo Lawsuit!

Filed under: Music MinuteLegal Matters

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Well…at least he doesn't have it hanging over his head anymore!

Bow Wow has been busy paying off all kinds of lawsuits filed against him for unpaid tour bus expenses, leaving him over $90k in the hole, but now,

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Carnie Wilson Is Losing Her Home!

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Ouch! Tough break!

Carnie Wilson, of Wilson Phillips, is reportedly on the verge of losing her home!

According to legal documents filed at the El Lay County Recorder's Office, the singer has defaulted on her mortgage, and still owes over $1.6 million! She has until July 21st to pay her bills before the house goes into auction!

Oh no!

Here's hoping she still has some of that paycheck from appearing in Bridesmaids to put toward it!

Our fingers are crossed for you, gurl!

Stay strong!

[Image via WENN.]

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Facebook Newsfeed Changes…AGAIN

Filed under: Facebook

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Don't worry! Your friends don't hate you!

If you've noticed that you are no longer seeing updates from ALL of your friends and that some people seem to be ignoring you on your Facebook newsfeed, it's not because they've intentionally blocked you.

According to engineer Matt Kelly, the "New Facebook" has changed their newsfeed default setting to automatically show ONLY posts from people who you interact with the most, or have interacted with you recently.

In fact, Matt says, "unless your friends/fans commented on one of your posts within those few weeks or vice versa – you are now invisible to them and they are invisible to you!!"

UGH!!

As with all things Facebook, you need to go back into settings and edit the options yourself.

Here's what to do if you want to see your friends again:

Scroll down to the bottom of the newsfeed on the homepage and click on “Edit Options”, click on “Show Posts From” and change the setting to “All Of Your Friends and Pages” Note: This is the fix for personal pages but I am unsure of whether or not the business pages are set up the same way.

It's such a shame that Facebook keeps changing their settings and not telling their users!

The company just gets shadier and shadier.

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Axl Rose Vs. $192,000 Bentley

Filed under: Oops!Legal Matters

axl rose accused of ruining expensive leased bentley

Spoiler Alert: The Bentley loses.

Axl Rose is being accused of ruining a $192,000 Bentley.

Looks like he leased the car through Bentley Financial Services in 2005, but defaulted on nearly $74,000 in payments and fees.

According to Bentley, Axl returned the car with quite the damage report, including….

-Cracked windshield

-2 damaged tires

-Broken glass on left rear tail light

-2 dented doors

-Gouged bumper

Axl is also being accused of returning the car with a "mismatched spare key," a "broken remote key", AND they're saying he's 42,397 miles over his limit.

Bentley wants the nearly $74,000 in payments and fees that they feel Axl owes them.

What do U think about this? Is Bentley being reasonable? Does Axl have anything going for him in his defense?

[Image via WENN.]

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Steve Madden Help$ Out Betsey Johnson

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There's good news and bad news for Betsey Johnson.

On Thursday, papers were filed with the Securities and Exchange Commission that Steven Madden Ltd. will take over the $48.8 million loan BJ has defaulted on.

However, if Betsey can't pay back the copycat by August 20, 2012 Madden could end up owning the brand because the company's intellectual property was used as collateral to secure the loan.

Other items used as collateral include "personal property, accounts, deposit accounts and cash, equipment, fixtures, general intangibles, goods [and] inventory."

Wow, that's a lot to lose.

Lets hope she can pay it back!

[Image via Flashpoint/WENN.]

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The End Is Near For American Apparel!

Filed under: Dov CharneyAmerican Apparel

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It looks like American Apparel's days are numbered.

CEO Dov Charney is this close to breaking EBITDA covenant — meaning if the company doesn't meet the requirements by September 30th (which is VERY likely) they'll default on their revolving credit agreement and won't be able to borrow any more.

AA also said they "may not have sufficient liquidity necessary to sustain operations for the next twelve months."

Sucks to be them.

[Image via Getty Images.]

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American Apparel In Danger Of Defaulting On Loan!

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Yikes!

After posting a first quarter loss of $17.6 million, American Apparel is thiiiis close to breaching it's second-lien loan of $80 million from Lion Capital.

If Dov Charney & Co. don't come get their shiz together by June 30, the company may default which would prevent them from borrowing under their credit facility.

Hopefully they can sort their issues out or there's going to be lots of angry hipsters.

[Image via AP Images.]

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