Rich Dad Poor Dad Author Robert Kiyosaki Did not File Bankruptcy

I continue reading over and over again that Rich Dad Poor Dad author Robert Kiyosaki filed for bankruptcy. It appears as though most of 안전놀이터 the internet articles are just rehashed plagiarism with the wrong facts repeated over and over again. Used to do see a couple called that Mr. Kiyosaki had filed corporate bankruptcy, which is a little better, but according to most lawyers, this is still a lot of accurate. Rich Global LLC filed for bankruptcy protection under Chapter 7 of in the Region of Wyoming, Case No. 12-20834. Robert Kiyosaki did not apply for chapter protection as irresponsibly reported on television and by a number of rehashed internet articles.

Since the early 1800’s the united states Better Court has recognized firms as separate legal entities from the owners and have some of the same natural protection under the law and rights as a “person. inch See Trustees of Dartmouth College v. Woodward — teen You. S. 518 (1819) When Rich Global, LLC filed for bankruptcy protection the proprietor or owners did not file bankruptcy. The legal fiction of Rich Global LLC being you were what filed for bankruptcy protection. This is the whole point in creating a separate legal thing to do business under and attempt to limit the liability of the owners of the corporation or limited liability company. This will be the second article I write the distinction between a corporation or a limited liability company and those who own them. The distinction between a corporation or limited liability company filing bankruptcy and those who purchased it seem to be completely lost on the mainstream media. Mr. Kiyosaki should prosecute the hundreds of media sources that reported he filed for bankruptcy. Mr. Kiyosaki is a multimillionaire and will most likely continue to be one. I think the most famous victim of falsely being accused of filing for bankruptcy is Donald Trump. To my knowledge, and I am still waiting for anyone to prove me wrong, Donald Trump hasn’t filed chapter. One of the companies he used to have a significant investment in, earlier known as Trump Hotels & Casino Resorts, has filed a number of times. I will know, I still own a few shares of the new company that was formed after the multiple bankruptcy filings of Trump Hotels & Casino Resorts.

Rich Global, LLC’s lawyers filed the case on May 20, 2012, as consequence of Learning Annex Holdings, LLC and Learning Annex, LLC and Learning Annex, D. P. (Case No. 09 Civ. 4432 (SAS)(GWG) winning a judgment against Rich Global, LLC totaling $23, 687, 957. 21 years of age. The bankruptcy request lists $1, 794, 405. 26 in assets and $25, 921, 205. 11 in debts. Rich Global, LLC had $591, 728. 00 in income for 2010 from Profit involvement and licensing revenue. Rich Global, LLC did have no income in 2011 or in 2012. There appears to be other pending legal cases that entities owned by Robert Kiyosaki are involved in though.

Johnson C. Wood is a clean area bankruptcy lawyer filing Chapter 7 and Chapter 13 for folks and businesses in need. Visit Western side Shoreline Bankruptcy Lawyers online to find bankruptcy lawyers or bankruptcy lawyers with information about the distinction between filing chapter and corporate bankruptcy.

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By John

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