Warren Sapp files for bankruptcy

By Maggie Hendricks | Shutdown Corner – Sat, Apr 7, 2012 2:08 PM EDT

(Getty Images)Seven-time Pro Bowler and NFL Network analyst Warren Sapp filed for bankruptcy in south Florida. According to the AP, he owes more than $6.7 million to creditors and in back child support and alimony.

His average monthly income tops $115,000.Among his assets? A lot of shoes and a lion skin rug.

Sapp’s $6.45 million in assets includes 240 pairs of Jordan athletic shoes worth almost $6,500, a $2,250 watch and a lion skin rug worth $1,200. He also reported losing his 2002 Super Bowl ring with the Bucs and his 1991 national championship ring from the University of Miami.

Really, who doesn’t need 240 pairs of Jordans? And a house isn’t a home without a lion skin rug.

As a player, Sapp had 96.5 sacks for the Tampa Bay Buccaneers and Oakland Raiders. He was outspoken and often angered opponents, including Jerome Bettis and Green Bay Packers’ coach Mike Sherman.

The outspoken style has continued through his retirement in his job as an NFL Network analyst. He most recently found himself in hot water after he called Jeremy Shockey a “snitch” in connection with the New Orleans Saints bounty scandal.

According to the bankruptcy filing, his NFL Network contract is up in August.

Short on Money for Taxes? Here’s What to do

The deadline for taxes has been extended to April 17 and I know a lot of us aren’t complaining about it. As a matter of fact, I bet most people even wish that the due date got pushed back another few months, especially if they can’t afford to pay what they owe. 

Chapes JPL is not your Typical Pawn Shop

A lot of people have found us while looking online for a Pawn Shop.   It is true, we do offer loans on assets.  However, we are not a traditional pawn shop and we are definitely not like other typical pawnbrokers that most people are used to.



Have the circumstances of a bad economy left you with a bad credit score, reduced your salary, forced you into bankruptcy, or simply put you out of work?  Are you having trouble paying bills or do you find yourself trying to come up with creative financing ideas to take care of a personal or business concerns?  If you answered yes to any of these questions, you could probably use some quick financial help.

There are ways to get money fast, even for people with bad credit.  However, most lending options for those with a poor credit rating are expensive due to high interest rates.  For example, bad credit credit cards almost always require a secured cash amount, or charge outrageous interest rates. Even the lower rate credit cards can get pricey if you are taking a cash advance.   This method usually creates an endless circle of debt that only progresses into a giant snowball.

If you have jewelry from any of the world’s finest jewelers, such as a white gold bracelet from Tiffany & Co, or a luxury diamond watch from Rolex, you could sell it for cash, or use it to secure a loan.  Cash for jewelry is one of the fastest and simplest ways to get the money you need.  Now you just need to know where to sell your jewelry or where to take it for a loan.

You could visit a typical pawn shop, gold buyer or jewelry store with your  GIA certified diamond ring, Patek watch or some other piece from your fine jewelry collection.  After the pawnbroker or merchant (and a store full of strangers) has listened to the summary of your private circumstances, surely you won’t mind paying a high interest rate to get your jewelry back?  Of course, within a few months of paying that high interest rate, you’ll probably just let it go, losing one of your best assets.

There is a better option at Chapes JPL.  They know how valuable fine jewelry is as an asset, and their loans are short term with one goal “providing you a low enough interest rate so that you can get your items back“.  Chapes began offering loans against jewelry over thirty years ago at rates lower than typical pawnshops and jewelry lenders.

In addition to providing loans, Chapes buys jewelry at the industries highest values. To learn more about selling your jewelry or using it to get a loan, visit and get the financial relief you are looking for today.

Brief History of Pawn Shop

A Brief History of the American Pawn Shop:

By Wendy Woloson Feb 9, 2012 3:52 PM ET.

Pawnbroker An illustration of a New York pawnbroker, from Great Republic Monthly, July 1859. Source: Author’s collection

A view inside the pawnshop, from Every Saturday magazine, March 4, 1871 Source: Author’s collection

Cable television has lately been bringing the art and science of owning a pawnshop to life — even for those fortunate enough to experience it only vicariously. But pawning has been integral to Americans’ financial lives for centuries.

History Channel’s “Pawn Stars” features the oversized Harrison family and their Las Vegas pawnshop, Gold & Silver. Old paper currency, antique pistols, classic guitars and works of art are typical of the items offered up for appraisal there, making the series seem like a less genteel version of “Antiques Roadshow.”

On truTV is “Hardcore Pawn,” set in Detroit and featuring the aptly named Gold family. The clientele at the Golds’ American Jewelry and Pawn is notably downscale, and when not yelling at each other or at the store’s staff, customers are shown pawning and redeeming fairly mundane possessions (save the stripper pole with shag-carpet platform featured in the first season). And “Pawn Queens,” on TLC, chronicles the business of two women who run a “female friendly” pawnshop in Naperville, Illinois.

These shows have domesticated the pawnshop, opening its doors to those curious about what transpires behind the bullet-proof glass, metal bars and high counters that characterize many of these enterprises. And if the pawnshop’s cultural capital is on the upswing, it’s due in large part to straitened financial circumstances, in which many more people are finding themselves in the role of pawners — taking personal items to the pawnshop to use as collateral to secure modest loans.

According to the National Pawnbrokers Association, a trade group, there are now more than 30 million pawnshop customers per year. The value of the average loan in 2009 was $100, up 20 percent from the previous year. About 80 percent of pawners pay off their loans and redeem their collateral, though redemptions are on the decline.

Although pawnbrokers, being in the credit business, profit from interest on loans, they are also active buyers and sellers, and make money on retail sales (which are down) and the purchase of items made of precious metals and gems that they can reconstitute and trade as commodities (those transactions are up).

“Pawn Stars,” “Hardcore Pawn” and “Pawn Queens” do show quite effectively that pawnshops are, and have always been, equal-opportunity lenders, providing small short-term loans to those — often women, minorities and the working poor — who have lacked access to forms of credit available to the elite.

The first places in the U.S. to identify themselves as pawnshops, usually marked by a sign showing three balls, were established in the second decade of the 19th century. The number of pawnshops dotting urban landscapes only increased, thanks to the growth of the domestic manufacturing sector, which generally paid its workforce low wages. A pawnshop loan could be a crucial bridge between paydays, providing cash for basic necessities such as food and rent on the security of personal possessions. These loans also helped business owners meet payroll and the rich to finance their vacations.

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I’ve realized the past couple of weeks that more and more people are asking where they can sell their old jewelry. Many of you have gold, silver, diamonds, and other precious items that you are either willing to get rid of, or you are in a financial rut and need the cash you could get for them. Either way, Chapes can help.

5 Ways to Save a TON of Money


Below are some quick and easy ways to save  a little bit of money here and there. And let’s face it, every little bit counts.

 1. Stop driving so much

Gas is expensive, so when you use your vehicle for unnecessary driving you are still technically spending money. Stay at home for a little bit or take a bike out. Besides, your body will thank you for the physical activity.

2. Pack lunch

We all hate spending hundreds of dollars a month on groceries (especially if we have a large family), but in the long run you will save more money by packing a lunch for school or work. Every time you go out to eat, it’s roughly over $5 (and that’s even when you try to eat cheap!) By buying groceries in bulk and packing a lunch, you are able to save money throughout the week.

3. Pay your bills on time (duh)

Even when your are struggling to make ends meet, make it a priority to pay your bills on time. This way, you avoid added late charges and you will sleep better at night too. If you need a short term loan to get caught up with your finances, give Chapes a call.

4. Live with your parents

Ok.  This one applies more for the recent grads. Young adults are so eager to move out and be on their own that they push saving money to the back burner. When you have the opportunity to live with your parents or have roommates, you can take that time to really build a savings!

5. When you need a loan on Assets, use Chapes-JPL!

Typical pawn shops and jewelry lenders lend on assets at extremely high rates making it almost impossible to payoff the loan. At Chapes-JPL, we provide loans on gold, diamonds, jewelry, watches, cars, boats, art and fine assets at a low interest rate, which makes it so much easier to payback a loan. This way you can get the money you need in a manner that’s fair and reasonable!

Call us and let us show you how much money you can save!

College is Expensive, We Can Help

College is Expensive, Let us Help


We recently had a client come in our Chapes JPL office for (what all of our clients come in for) a loan. This story specifically touched me because I’ve been there, done that. 

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Save Money This Valentine’s Day


Tis the season for love. This is the time of year that we can get all mushy and no one will judge us for it. The cheesy gifts and sentimental cards are not only acceptable on Valentines, but they are encouraged. I mean really, when else could you give a giant pop-up card with a bright pink heart and glittery champagne? That’s what we thought too.


Anyway in spirit of this lovey-dovey day, Chapes JPL has decided to let you in on a little secret… You do not have to stress out around Valentine’s Day. It’s not all about the money and gifts when you love someone.  It’s the mere presence (not to be mistaken with presents) that you look forward to (not what they spend their credit card on).


The ads you see on TV and hear on the radio lead you to believe that you need to go out and buy a car for your partner, or take him/her  on an exotic vacation. That’s not how we here at Chapes feel. Don’t go out and spend a fortune, let things be just as exciting without the costs.  Here’s how:


Make Dinner at Home

Sure you may make dinner every other night of the week, but make this one twice as special. Light candles, play soft music, and really set the mood to show how much you care. Instead of the basic chicken and veggies, go for a more sophisticated meal. Try roasted duck with couscous and leafy greens. It’s a great alternative to the everyday chicken in the kitchen. Finish the meal off with a home-made french vanilla custard… My mouth is watering just thinking about it!


Unplug from Everything

Raise your hand if you get your email sent straight to your phone. How about if you’re on Facebook for a little while after work? I know most of us are guilty (as are our partners).  On Valentine’s night, unplug it all.  Turn off the phones, shut down the computers, and don’t turn on the TV. Spend the evening cooking together, tasting old wines you forgot about, play a few games, or just sit around and talk. You’d be surprised how much you will learn about your partner once you’re no longer plugged in.


Make an Art Project

Whether it’s an outdoor flower pot that needs attention or some pictures that needs to be  reorganized, try to do the tasks together. The flower pot has had a chip on it for years, but you can’t bring yourself to throw it out, what do you do? Go pick up a $5 flower pot from the store and spend time with your partner painting it and decorating it. Not only will you get a great looking flower pot out of the deal, but the two of you will have bonded in a way you most likely haven’t in a while.

Sure, the idea of these gestures may sound cheesy.  Like I said above, most of these times together are rather silly – but that’s the point!  Do things together that you normally wouldn’t do. This is your excuse to shower your partner with silliness and bask in each others’ love. The time you spend is more important than the money you spend, that’s a fact.

However, if you do feel the need to go all out, we are here for you.  Chapes JPL gives out loans based on the collateral you give us. So if you do want to get your partner the best of the best, you can always give us a call and we’ll help you find a way to pay for it. Remember, when the bank says no, we say YES!

Actor Gary Busey has filed for Bankruptcy

“Lethal Weapon” actor Gary Busey filed for bankruptcy in California on Tuesday, citing more than $500,000 in debt, according to documents obtained by TMZ.

Busey, who has starred in more than 70 movies, has less than $50,000 to his name. Court documents show that his IOUs got a bit too extensive and he owes a large number of people a lot of money. (RELATED: Full coverage of the entertainment world)

The Hollywood star reportedly needs to pay the IRS, various lawyers, UCLA Medical Center, Wells Fargo, L.A. County Waterworks Districts, and a storage company.

Among the many businesses he owes money to, Busey also notes he might need to pay an undisclosed sum to Carla Loeffler, a woman who sued him for allegedly attacking her in Tulsa.

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