You folks remember the dude Robert Kiyosaki that does the Rich Dad, Poor Dad “educational” series..
Guess what? One of his company filed for Chapter 7 bankruptcy……
Now that folks think Lance Armstrong doped and want their money back…. I wonder folks that paid good money for Robert’s “financial advice” from what was pitched as a “someone smart with money” will demand their money back too???
‘Rich Dad, Poor Dad’ Author Files for Chapter 7 Bankruptcy
Robert Kiyosaki, author of the bestselling “Rich Dad, Poor Dad” series, has filed for Chapter 7 bankruptcy protection after losing a nearly $24 million court judgment to The Learning Annex, The New York Post reports.
As one of Kiyosaki’s earliest backers, The Learning Annex was responsible for arranging the speaking engagements and platform that led to his massive success.
But apparently the fame went to his head because according to court papers obtained by the Post, Kiyosaki, who published his first “Rich Dad” book in 1994, never paid the Annex its rightful share. Said founder and chairman Bill Zanker: “Oprah believed in him, and Will Smith believed in him, but he didn’t keep his promise to us.”
IMHO, people like Trump, K, and others use Chapter 7 has a way of burying debt and walking off with all the money.[/quote]
Absolutely. I’ve heard that those with lots o money have failed (filed bankruptcy) multiple times…they have just learned how to section themselves off from the sinking ship…
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