Filing for bankruptcy is a legal way of proclaiming that you are unable to pay your bills/debts. It generally is not a good thing but sometimes it must be filed for in order to allow the insolvent (a person who is racking up more in interest charges than they are able to pay) relief from creditors. The financial guru and author of New York Times bestseller 'Rich Dad, Poor Dad' has filed for bankruptcy on one of his companies after losing a $24 million judgement. This April, Robert Kiyosaki's Rich Global LLC was ordered to pay $23,687,957.21 to the Learning Annex and its founder and chairman, Bill Zanker.
Kiyosaki had used the Learning Annex platform to organize several high profile speaking engagements, including a 2002 appearance at Madison Square Garden.
Kiyosaki had used the Learning Annex platform to organize several high profile speaking engagements, including a 2002 appearance at Madison Square Garden.