The success of the television reality show, Dance Moms, may have been a godsend in helping Abby Lee Miller obtain a successful discharge of her Chapter 11 bankruptcy. Back in 2010, before the first episode of Dance Moms aired, Ms. Miller filed a chapter 11 Bankruptcy. According to schedules filed with the court, it appears the trouble began when her mortgages on both her home and dance studio were in default. There were also some real estate taxes owed at the time she filed. Documents filed with the court showed that business had been steadily declining at her studio. She further reported $7800 in accounts receivable. A large portion of her unsecured debt, approximately $106,000, was due to her Pittsburgh based dance studio that has been in operation since 1980.
Miller’s financial situation began to improve once she started earning more money after the debut of Dance Moms in July 2011. She was able to turn things around and celebrated New Year’s eve 2013 with a successful bankruptcy discharge, having paid all of her creditors in full.
Miller is a good example in proving that filing bankruptcy can lead to a fresh start and turn a bad situation into a good one.
If you are suffering financial difficulty of any kind, I hope that this story with a happy ending will be motivation to contact one of our offices nearest you for help. One of our attorneys will be happy to meet with you to discuss how you can improve your financial situation just like Abby Lee Miller.