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Attorneys for Vince Young said on Friday that the former NFL quarterback has settled his legal dispute with a New York lender and asked a federal judge to dismiss Young’s voluntary chapter 11 petition filed two weeks ago, the Houston Chronicle reported on Saturday. According to the six-page motion filed with U.S. Bankruptcy Judge David R. Jones, Young filed for bankruptcy protection Jan. 17 primarily to forestall debt collection efforts by Pro Player Funding, a New York lender that had a judgment with interest totaling about $2.5 million against Young stemming from a loan taken in his name during the 2011 NFL lockout. Young has reached a resolution with Pro Player Funding, according to the motion, and therefore is asking for the chapter 11 case to be dismissed.

Vince Young, the former University of Texas and NFL quarterback, has filed for chapter 11 protection in the wake of a series of on- and off-field setbacks, the Houston Chronicle reported today. The chapter 11 petition, filed late last week, estimates Young’s assets between $500,001 and $1 million and liabilities between $1,001,000 and $10 million. A 2013 financial statement listed assets of Young and his wife, Candice, at $1.8 million and liabilities at $2.5 million, but an updated, detailed report has yet to be filed with the bankruptcy court. Young, who according to the Associated Press was paid $34 million in six NFL seasons, has not appeared in a regular-season game since 2011 and was cut by the last two teams that signed him. He has spent the last two years embroiled in a pair of lawsuits stemming from a $1.8 million loan obtained in his name during the 2011 lockout that attorneys say may have been the factor that tipped him into bankruptcy.

Bankruptcy filings totaled 1,032,326 nationwide for calendar year 2013 (Jan. 1-Dec. 31), a 13 percent decrease from the 1,186,137 total filings in calendar year 2012, according to data provided by Epiq Systems, Inc. The 988,215 total noncommercial filings during calendar year 2013 represented a 12 percent drop from the noncommercial filing total of 1,128,173 during calendar year 2012. Total commercial filings during calendar year 2013 (Jan. 1-Dec. 31) were 44,111, a 24 percent drop from the 57,964 filings during the same period in 2012.

The 66,478 total bankruptcy filings for the month of December 2013 represented a 12 percent decrease from the 75,691 filings in December 2012. The 63,601 total noncommercial filings for December also represented a 12 percent drop from the December 2012 noncommercial filing total of 71,892. Total commercial filings for December 2013 were 2,877, a 24 percent decrease from the 3,799 filings recorded during the same period in 2012. Commercial chapter 11 filings dropped by 31 percent, as the number of chapter 11 filings in December 2012 (565) fell to 391 in December 2013. Average total filings per day in December 2013 were 2,145, a 12 percent decrease from the 2,442 total daily filings in December 2012.

Casey Anthony will not have to pay most of the thousands of dollars of debts listed in her bankruptcy case, a judge ruled on Tuesday, the Orlando Sentinel reported yesterday. The ruling from Bankruptcy Judge K. Rodney May does not close Anthony's case and does not determine how much money, if any, will be paid to her creditors. Anthony filed for bankruptcy in January, listing more than $792,000 in debts. She owed the most money to Jose Baez, the defense attorney who represented her during her high-profile murder trial. Tuesday's bankruptcy discharge order eliminates Anthony's legal obligation to pay most, but not all, debts listed in her case.

Total bankruptcy filings in the U.S. for November 2013 decreased 15 percent compared to the previous year, according to data provided by Epiq Systems, Inc. November bankruptcy filings totaled 74,021, down from the 87,090 filings registered in November 2012. Total commercial filings for November 2013 were 3,055, representing a 28 percent decrease from the 4,252 filings during the same period in 2012. Commercial chapter 11 filings totaled 482 in November, also a 28 percent decrease from the 671 filed in November 2012. The 70,966 total noncommercial filings for November represented a 14 percent drop from the November 2012 noncommercial filing total of 82,838. For the full statistical release, please click here.

Bankruptcy Judge K. Rodney May on Monday approved a settlement between Casey Anthony and the Texas search group that helped look for her missing 2-year-old daughter, Caylee, the Houston Chronicle reported today. Texas Equusearch Mounted Search and Recovery will be allowed to have an unsecured claim of $75,000 in Anthony's bankruptcy case under the terms of the settlement. The search group had objected to the bankruptcy, claiming that it spent more than $100,000 searching for the girl in 2008. Anthony filed for bankruptcy in January, claiming just $1,000 in assets and $792,000 in liabilities.

Former teen singing sensation Aaron Carter filed for chapter 7, listing debts of $2,204,854, the Daily Mail reported today. These include $1,368,140 which he owes to the IRS and a $31,166 AmEx bill. Carter also listed assets totaling $8,232.16.

A bankruptcy judge has dismissed rapper DMX's bankruptcy filing, making him fair game for creditors, the Associated Press reported on Friday. The hip-hop star, who's real name is Earl Simmons, has nearly $1.3 million in child support owed to some of the 10 children he has fathered. U.S. Trustee Tracy Hope Davis said Simmons failed to provide trustworthy information in his bankruptcy filing.

After the Justice Department called out DMX on some problems with his bankruptcy filing, the rapper said he’ll do what it takes to successfully reorganize his financial affairs, the Wall Street Journal reported today. The attorney for DMX, whose real name is Earl Simmons, is urging the bankruptcy court to let the rapper exercise his right to reorganize in chapter 11, but that tactic is currently under threat from a bankruptcy watchdog from the Department of Justice. U.S. Trustee Tracy Hope Davis, has asked the court to convert the rapper’s chapter 11 restructuring to a chapter 7 liquidation or throw out the case entirely, citing inconsistent information about the rapper’s financial status and his failure to show up at a meeting of his creditors.

The Justice Department is challenging DMX’s restructuring, claiming that the rapper’s bankruptcy has so far been filled with delays and inconsistencies, the Wall Street Journal reported today. U.S. Trustee Tracy Hope Davis recently urged a judge to convert the rapper’s chapter 11 case to a chapter 7 liquidation, where DMX would be forced to sell off his assets to repay creditors or toss the rapper out of bankruptcy altogether. DMX filed for chapter 11 protection in July. The watchdog’s request was prompted by the rapper’s failure to show up at a meeting of his creditors last month, to respond to Davis’s request for financial information and for filing court papers that are “in disarray” as well as inconsistent.