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re: NBA rookie puts first $4.5M into a trust for 3 years
Posted on 1/16/15 at 11:38 am to PhiTiger1764
Posted on 1/16/15 at 11:38 am to PhiTiger1764
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So?. Its sensational journalism plus many people obviously don't understand 'bankruptcy' does not mean a person has no money/broke.
A poster above gave Deuce McAllister as an example when a business venture hoes bad & that business files.
I could go through list of thousands of wealthy /prominent people who have filed for 'bankruptcy' & would crush you with their wallets.
A lot of it is business associated bankruptcies on down to a guy who simply signed a single 10 day contract .
quote:
So? I've never played in the NBA and never filed for bankruptcy. Just because some of these guys don't have long careers or make multi-millions doesn't mean their life is over and must file for bankruptcy.
It is still a relevant stat. It shows how NBA players struggle to find careers outside of basketball.
So?. Its sensational journalism plus many people obviously don't understand 'bankruptcy' does not mean a person has no money/broke.
A poster above gave Deuce McAllister as an example when a business venture hoes bad & that business files.
I could go through list of thousands of wealthy /prominent people who have filed for 'bankruptcy' & would crush you with their wallets.
A lot of it is business associated bankruptcies on down to a guy who simply signed a single 10 day contract .
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