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Reply #49: Some of the worst (and richest) people in the world file for bankruptcy [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

IronLionZion

(1000+ posts) Send PM | Profile | Ignore

Mon Nov-12-07 12:31 PM
Response to Reply #1

49. Some of the worst (and richest) people in the world file for bankruptcy

to keep from paying somebody something. Deadbeat dads do it to keep from paying child support. Sued corporations do it to keep from paying their punitive damages. Wealthy people do it because they were living beyond their means and feel it's easier to hire lawyers and accountants to hide their income than to pay their bills.

Donald Trump has filed for bankruptcy.

http://www.bankruptcy-blog.freebankruptcyevaluation.com/famous-people-have-filed-bankr/

http://www.nytimes.com/2006/09/17/business/yourmoney/17broke.html?ei=5090&en=924c13d4c85d73f5&ex=1316145600&partner=rssuserland&emc=rss&pagewanted=all

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