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by Dr. Boyce Watkins
When you make millions giving financial advice to other people, the last thing anyone expects is for you to go bankrupt. Robert Kiyosaki, author of the best-selling book, “Rich Dad, Poor Dad,” has filed for bankruptcy. Kiyosaki made the move after being wiped out by a $24 million dollar lawsuit that he lost to the Learning Annex.
The bankruptcy is not an indicator of Kiyosaki having poor financial health. Instead, it was a business move. Companies often file for bankruptcy when they have liabilities that exceed the market value of their assets. Kiyosaki’s company, Rich Global LLC, has filed for bankruptcy protection to shield itself from the the judgement awarded to the Learning Annex.
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Rob
October 11, 2012 at 12:23 pm
Derrick, are you really saying Blacks (personal or business) can’t file bankruptcy??? Now, I am not a name caller but you are a true IDIOT! That’s not even name-calling. That’s a fact.
Derrick
October 11, 2012 at 8:39 am
That last name sounds like an asian name. Nevertheless, rich mongoloids and caucasoids can file for bankruptcy and open up another business, while their money is still protected! Blacks don’t have this privilege.
He will open up another business with a different name and continue to make millions!
ONLY IN RACIST amerikkka!!!