Bankrupt Dad? Rich Global LLC (Robert Kiyosaki) Declares Bankruptcy

[James Vermillion]

I found this to be interesting. The short version:

One of the companies Kiyosaki has done business under filed for bankruptcy after losing a judgement and being ordered to pay nearly $24M.

[Jon Holdman]

Guess there's lots of money to be made in the education business. Aka the "fleecing dreamers out of what little money they do have" business.

Its was good business sense to bankrupt the company to get out of paying that amount.

Just open another company, and continue on.

And yet people cry foul when homeowners do a "strategic default" on a property that's deep under water.