Celebrities-Bankruptcy

Donald Trump Uses Bankruptcy to Become More Successful

Deciding to file bankruptcy can be a very emotionally distraught experience for anyone. Yet this is the time when it is possible through proper restructuring to turn your life or your business around. It is actually quite common for someone contemplating bankruptcy to inquire about how someone like Trump was able to use bankruptcy to become even more successful. This is stunning for mdonaldtrumpost people who have a very limited understanding of how bankruptcies work. Large-scale bankruptcies like his stagger the imagination. Not only was the amount of his bankruptcy huge but even more significantly he used it to come out ahead. Continue reading…

Michael Vick Spent $29 million Since Filing for Bankruptcy

Bankruptcy Doesn’t Have to Destroy You Financially

Every American is familiar with Michael Vick’s story on some level. The pro football player has been in hot water for years, most notably for his extensive dog-fighting ring, which has incensed dog lovemichael_vick_files_bankruptcyrs everywhere, and made Vick one of the most hated football players in recent history.

His dog-fighting business did more damage to just his professional and personal reputation, however. After serving prison time for animal cruelty and a host of other charges, Vick was released and placed on a reorganization plan to pay off his creditors–his former team the Atlanta Falcons among them. Since his release, he has earned $31 million playing football, and has spent over $29 million of it. Continue reading…

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