[Da Coyote]

The sad thing about this is that compared to the Obamadork, he’s still scrooge.

[SeekAndFind]

See also here:

http://www.businessinsider.com/ugliest-celebrity-bankruptcies-2012-11?op=1

10 Of The Ugliest Celebrity Bankruptcies In History

[Ruy Dias de Bivar]

A fool and his money are soon parted. At least he paid off the car. Maybe he can use it as collateral for a loan for party money.

[Jonty30]

It’s the maintenance costs that kill. Too many of these superstars think all they have to do is lay out $35 million for it their mansion, then they’ll be done. They don’t think of the income needed to pay for the upkeep or taxes, after their career winds down.

[Mr. K]

don’t they teach basic math at his college?

[Sunshine Sister]

Another sad chapter in the book titled “Suddenly Rich.” Very sad.

[Cowboy Bob]

Couldn’t have happened to a nice guy!

[FewsOrange]

“About a third of his debt is owed to creditors”

I would have thought that all his debt is owed to creditors, isn’t that the definition of creditor.

[CORedneck]

One thing I learned, when you want something, you have to work for the money to pay for it but however, what is not mentioned is you continually have to keep working to keep the item whether it is taxes on the item like cars or insurance or maintenance.

[2 Kool 2 Be 4-Gotten]

He no longer got da skills to pay da bills.

[CrazyIvan]

I see no mention of gun or motorcycle collecting. He could have cut the time needed to go broke in half.

[freekitty]

He could be hiding his money from his wife too.

[Doctor 2Brains]

for later

[AEMILIUS PAULUS]

The fruits of low intelligence and poor impulse control.

[Political Junkie Too]

Though he still earns $750,000 per year...

So that means that he is still ObamaRich, and that his ObamsTax will still go up?

-PJ

[TChris]

When you're bad at money management, there isn't enough income in the world to keep you from going broke.

If the drain's bigger than the faucet, there won't be anything left in the tub.

[WinMod70]

“a few creature comforts, too, “like $10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants,”

Wow, how can anyone expect to make it on such a modest budget. Poor thing.

[WinMod70]

“a few creature comforts, too, “like $10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants,”

Wow, how can anyone expect to make it on such a modest budget. Poor thing.

[fso301]

A lot of regular business people make bad choices and end up bankrupt.

[count-your-change]

I’ll try to feel sorry for him.