Title is very misleading - this is not personal bankruptcy, it's one of his shell corporations declaring bankruptcy to avoid a court judgment. In that context, it's a rousing success: he knows how to play the game well enough that he can renege on a $24M obligation and still keep his $80M of personal assets intact.
I'd argue that this is absolutely not a "rousing success" or "play[ing] the game well enough". He used a legal trick to avoid his side of a financial obligation. If all businesses behaved this way then commerce would be impossible.
Yes, but obviously there is a line between shielding private money from business-related risks and intentionally running a company into bankruptcy to avoid liabilities. Although I agree that this line is a bit blurry.
"Kiyosaki’s Rich Global LLC filed for bankruptcy after being ordered to pay nearly $24 million to the Learning Annex and its founder and chairman, Bill Zanker."
Money which had long before left Rich Global LLC to Kiyosaki's pocket or his other Corporate entities.
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[ 3.6 ms ] story [ 50.7 ms ] threadhttps://en.wikipedia.org/wiki/Piercing_the_corporate_veil
"Kiyosaki’s Rich Global LLC filed for bankruptcy after being ordered to pay nearly $24 million to the Learning Annex and its founder and chairman, Bill Zanker."
Money which had long before left Rich Global LLC to Kiyosaki's pocket or his other Corporate entities.