Filing Bankruptcy facts
While investigating facts about Filing Bankruptcy, I found out little known, but curios details like:
Medical Bills and illness account for 2/3 of the bankruptcy filings in the US.
how long was the longest filibuster in history?
The Cult Awareness Network listed Scientology as the #1 most dangerous cult. Over 50 Scientologists later filed civil suits against them, many using the same carbon copy claim via 1 law firm. After suing them into bankruptcy, the Church bought the name and started the New Cult Awareness Network.
What is the longest filibuster in history?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what was the longest filibuster in senate history. Here are 50 of the best facts about Filing Bankruptcy I managed to collect.
what was the longest filibuster in us history?
-
The Chi-Chi's restaurant chain was hit with the largest hepatitis A outbreak in U.S. history, with at least four deaths and 660 other victims a month after filing for bankruptcy
-
Hostess deducted pay up to 30% claiming to avoid bankruptcy, only to file soon after. They then took all employee's pensions to avoid another, promising to pay back. Instead they filed for bankruptcy again then sold the company for $410 Million. All while top execs received millions in bonuses.
-
When filing for bankruptcy, ex-NFL Player Mike Vick personally elected Chapter 11 Bankruptcy as opposed to Chapter 7, so he would be able to pay back his debt almost in full. Paying $17.4 million of the $17.6 million he owed. “I didn’t want to stiff people who never stiffed me”
-
If you have debt + a winning lotto ticket, you can file bankruptcy, discharge your debts, and then cash in the ticket without having to pay off your previous debt.
-
In 2008, Bebo the popular social network was bought from its creators by AOL for $850 million dollars. It was then run into the ground and after 5 years the site filed for bankruptcy and was sold back to the original creators for $1 million dollars.
-
Mark Twain blew the bulk of his book profits and his wife's inheritance investing in the failed Paige typesetting machine, the inflation-adjusted equivalent of $8million USD, which lead him to file bankruptcy in 1894.
-
Donald Trump filed for bankruptcy 4 times yet finds time to host a television show in which he gives other celebrities financial and business advice.
-
Although Donald Trump has had to file bankruptcy for some of his ventures over the years, he has always managed to rebound and his wealth has continued to grow to an estimated $10 billion or more.
-
An engineer from Kodak invented the first digital camera in 1973. Kodak executives passed on the idea to continue using film, not releasing their first camera until 1995. Kodak later filed for bankruptcy.
-
There are alternative options to filing for bankruptcy that can help a person avoid it. These options can include debt consolidation loans (where debts are paid off by a loan, which can help get rid of high interest rates on credit card loans), debt management plans, and consumer proposals (when a portion of debt is paid off and the rest is erased).
Filing Bankruptcy data charts
For your convenience take a look at Filing Bankruptcy figures with stats and charts presented as graphic.
Why filet mignon is the best?
You can easily fact check why is filet mignon wrapped in bacon by examining the linked well-known sources.
The Author of Rich Dad, Poor Dad filed for bankruptcy.
Even though a person or business files for bankruptcy, it is not free. There are legal costs associated with filing for bankruptcy that will have to be paid. These costs are not erased in the bankruptcy proceedings either.
When an individual files for bankruptcy, depending on where they live, they may be able to keep some of their home's equity, their car, and some furniture and clothing.
Some debts are not erased when an individual files for bankruptcy. These debts can include child support payments, legal fines, some student debts, car loans, mortgages, and alimony payments, depending on where the individual lives.
In 2006 Suge Knight filed for bankruptcy due to a civil lawsuit against him. Lydia Harris was claiming that she was cheated out of her 50% stake in Death Row Records.
When was the longest filibuster in senate history?
Kenny Rogers started a restaurant chain called Kenny Rogers Roasters. On an episode of Late Night with Conan O'Brien, Rogers failed a blind taste test, choosing chicken from the NBC cafeteria instead of his own. That may have been a sign as his company filed for bankruptcy a year later.
There is a major crisis going on in the VFX industry in the US, as some studios are filing in for bankruptcy while the movies they've worked on are making millions.
Joe Francis, founder and CEO of Girls Gone Wild, filed bankruptcy and fled the US to Mexico in order to avoid paying an outstanding gambling debt to Steve Wynn and the subsequent arrest warrant for failure to pay. He has yet to return.
Detroit was once the 4th largest city in the US in the 1940's. However, Detroit's population has declined 60% since then & in 2013 became the largest US city to file for bankruptcy.
78% of NFL players file Bankruptcy within 5 years of retirement, 60% of NBA players file within 5 years, MLB players file for BK 4 times more than the National average
The Director of Predator, Die Hard and The Hunt for Red October was imprisoned for lying to the FBI (about illegal wiretapping) and perjury in 2013, filed for bankruptcy in prison and currently struggles to pay back the IRS a massive debt