Discussion » Statements » Rosie's Corner » SHOCKED am I to discover that Bill Gates has filed for bankruptcies too. Is that something that billionaires do? Have you?

SHOCKED am I to discover that Bill Gates has filed for bankruptcies too. Is that something that billionaires do? Have you?

Used to be that filing for bankruptcy was a humiliating admission that you couldn't manage your financial life. When you do that you stiff the folks you owe money to. I think it took 7 years or so to get it off your record  but now it seems to be an ordinary tool in doing business and has no negative consequences associated with it. So do you admire the deadbeats who file, stiff people, move on? File, stiff people,move on?

Posted - December 21, 2017

Responses


  • 216
    Most super successful business people own several different companies, and they don't all make a profit. It's not surprising that some have to declare bankruptcy on one or more. They can't all be successful, and some are bought as tax shelters. 
      December 21, 2017 4:44 AM MST
    0